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HomeMy WebLinkAbout2026-03-31 Utilities Advisory Commission Agenda PacketUTILITIES ADVISORY COMMISSION Special Meeting Tuesday, March 31, 2026 Council Chambers & Hybrid 6:00 PM Utilities Advisory Commission meetings will be held as “hybrid” meetings with the option to attend by teleconference/video conference or in person. To maximize public safety while still maintaining transparency and public access, members of the public can choose to participate from home or attend in person. Information on how the public may observe and participate in the meeting is located at the end of the agenda. Masks are strongly encouraged if attending in person. The meeting will be broadcast on Cable TV Channel 26, live on YouTube https://www.youtube.com/c/cityofpaloalto, and streamed to Midpen Media Center https://midpenmedia.org. VIRTUAL PARTICIPATION CLICK HERE TO JOIN (https://cityofpaloalto.zoom.us/j/96691297246) Meeting ID: 966 9129 7246 Phone: 1(669)900-6833 PUBLIC COMMENTS Public comments will be accepted both in person and via Zoom for up to three minutes or an amount of time determined by the Chair. All requests to speak will be taken until 5 minutes after the staff’s presentation. Written public comments can be submitted in advance to UAC@PaloAlto.gov and will be provided to the Council and available for inspection on the City’s website. Please clearly indicate which agenda item you are referencing in your subject line. PowerPoints, videos, or other media to be presented during public comment are accepted only by email to UAC@PaloAlto.gov at least 24 hours prior to the meeting. Once received, the Clerk will have them shared at public comment for the specified item. To uphold strong cybersecurity management practices, USB’s or other physical electronic storage devices are not accepted. Signs and symbolic materials less than 2 feet by 3 feet are permitted provided that: (1) sticks, posts, poles or similar/other type of handle objects are strictly prohibited; (2) the items do not create a facility, fire, or safety hazard; and (3) persons with such items remain seated when displaying them and must not raise the items above shoulder level, obstruct the view or passage of other attendees, or otherwise disturb the business of the meeting. TIME ESTIMATES Listed times are estimates only and are subject to change at any time, including while the meeting is in progress. The Commission reserves the right to use more or less time on any item, to change the order of items and/or to continue items to another meeting. Particular items may be heard before or after the time estimated on the agenda. This may occur in order to best manage the time at a meeting to adapt to the participation of the public, or for any other reason intended to facilitate the meeting. 1 Special Meeting March 31, 2026 CALL TO ORDER 6:00PM - 6:05PM AGENDA CHANGES, ADDITIONS AND DELETIONS 6:05PM - 6:10PM The Chair or Board majority may modify the agenda order to improve meeting management. PUBLIC COMMENT 6:10PM - 6:25 PM Members of the public may speak to any item NOT on the agenda. APPROVAL OF MINUTES 6:25PM - 6:30PM 1.Approval of the Minutes of the Utilities Advisory Commission Meeting Held on March 4, 2026 Late Packet Report added UTILITIES DIRECTOR REPORT 6:30PM - 6:35PM NEW BUSINESS 2.Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Fiscal Year 2027 Gas Utility Financial Forecast, Reserve Transfer, General Fund Transfer, and Amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), and G-3 (Large Commercial Gas Service) ; CEQA Status: Not a project under CEQA Guidelines Section 15378(b)(5) (ACTION: 6:35PM – 7:35PM) 3.Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the FY 2027 Electric Financial Forecast, including Approving a Reserve Transfers, and Amending Electric Rate Schedules E-1 (Residential Electric Service), E-1 TOU (Residential Time of Use Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E-2-G (Residential Master- Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non- Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Time of Use Electric Service), E-7 (Large Non- Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Time of Use Electric Service), E-14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Net Surplus Electricity Compensation); CEQA Status: Not a project. under CEQA Guidelines Section 15378(b)(5) (ACTION: 7:35PM – 8:35PM) Late Packet Report added 2 Special Meeting March 31, 2026 Preliminary Information on the City of Palo Alto's (City) 2025 Urban Water Management Plan (2025 UWMP) (DISCUSSION: 8:35PM – 9:00PM) Late Packet Report added COMMISSIONER COMMENTS AND REPORTS FROM MEETINGS/EVENTS ADJOURNMENT OTHER INFORMATION The materials below are provided for informational purposes, not for action or discussion during this meeting’s agenda. Written public comments may be submitted in advance and will be provided to the Board and available for public inspection on the City’s website three days before the meeting. A.12 Month Rolling Calendar B.Public Comments C.Information Report: Utilities Quarterly Report for FY2026-Q2 3 Special Meeting March 31, 2026 4. PUBLIC COMMENT INSTRUCTIONS Members of the Public may provide public comments to teleconference meetings via email, teleconference, or by phone. 1.Written public comments may be submitted by email to UAC@PaloAlto.gov. 2.Spoken public comments using a computer will be accepted through the teleconference meeting. To address the Council, click on the link below to access a Zoom-based meeting. Please read the following instructions carefully. ◦You may download the Zoom client or connect to the meeting in- browser. If using your browser, make sure you are using a current, up-to-date browser: Chrome 30 , Firefox 27 , Microsoft Edge 12 , Safari 7 . Certain functionality may be disabled in older browsers including Internet Explorer. ◦You may be asked to enter an email address and name. We request that you identify yourself by name as this will be visible online and will be used to notify you that it is your turn to speak. ◦When you wish to speak on an Agenda Item, click on “raise hand.” The Clerk will activate and unmute speakers in turn. Speakers will be notified shortly before they are called to speak. ◦When called, please limit your remarks to the time limit allotted. A timer will be shown on the computer to help keep track of your comments. 3.Spoken public comments using a smart phone will be accepted through the teleconference meeting. To address the Council, download the Zoom application onto your phone from the Apple App Store or Google Play Store and enter the Meeting ID below. Please follow the instructions B-E above. 4.Spoken public comments using a phone use the telephone number listed below. When you wish to speak on an agenda item hit *9 on your phone so we know that you wish to speak. You will be asked to provide your first and last name before addressing the Council. You will be advised how long you have to speak. When called please limit your remarks to the agenda item and time limit allotted. CLICK HERE TO JOIN Meeting ID: 966 9129 7246 Phone:1-669-900-6833 Americans with Disability Act (ADA) It is the policy of the City of Palo Alto to offer its public programs, services and meetings in a manner that is readily accessible to all. Persons with disabilities who require materials in an appropriate alternative format or who require auxiliary aids to access City meetings, programs, or services may contact the City’s ADA Coordinator at (650) 329-2550 (voice) or by emailing ada@PaloAlto.gov. Requests for assistance or accommodations must be submitted at least 24 hours in advance of the meeting, program, or service. 4 Special Meeting March 31, 2026 Utilities Advisory Commission Staff Report Report Type: APPROVAL OF MINUTES 6:25PM - 6:30PM Lead Department: Utilities Meeting Date: March 31, 2026 Report #:2603-6160 TITLE Approval of the Minutes of the Utilities Advisory Commission Meeting Held on March 4, 2026 This will be a late packet report published on Thursday, March 26, 2026. Item #1 Packet Pg. 5 1 6 0 8 0 Utilities Advisory Commission Staff Report From: Alan Kurotori, Director of Utilities Lead Department: Utilities Meeting Date: March 31, 2026 Report #: 2512-5641 TITLE Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Fiscal Year 2027 Gas Utility Financial Forecast, Reserve Transfer, General Fund Transfer, and Amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), and G-3 (Large Commercial Gas Service) ; CEQA Status: Not a project under CEQA Guidelines Section 15378(b)(5) RECOMMENDATION Staff recommends that the Utilities Advisory Commission (UAC) recommend that the City Council adopt a resolution (Attachment A): 1. Approving the Fiscal Year 2027 Gas Utility Financial Forecast shown in this staff report and attachments, which includes amending the Gas Utility Reserve Management Practices; and 2. Approving the transfer of up to $1.5 million from the Gas Utility Operations Reserve to the Distribution Rate Stabilization Reserve at the end of FY 2026; and 3. Transferring up to 18% of gas utility gross revenues received during FY 2025 (up to $10.7 million) to the General Fund in FY 2027; and 4. Amending Rate Schedules (Attachment A, Exhibit 1) effective July 1, 2026 (FY2027): a. G-1 (Residential Gas Service) b. G-2 (Residential Master-Metered and Commercial Gas Service) c. G-3 (Large Commercial Gas Service) EXECUTIVE SUMMARY This staff report provides the UAC with a financial forecast for the Gas Utility and provides an overview of the utility’s operations costs, capital costs, and debt and includes recommended rate adjustments required to maintain the utility’s financial health. The Gas Utility financial forecast proposes a 9% overall rate increase for FY 2027, which includes a 14.5% increase to distribution rates, assuming no change in supply costs, effective July 1, 2026. Additionally, this forecast projects overall rate increases of 7% in FY 2028, and 6% annually from FY 2029 through FY 2031. Item #2     Packet Pg. 6     2 6 0 8 0 Staff updated cost projections for the FY 2027 to FY 2031 five-year financial planning period using the most recent load forecast, cost data, and escalation assumptions. Relative to the FY 2026 financial forecast1, the updated forecast projects total gas usage to be about on average 4% lower in the FY 2027 to FY 2031 period, resulting in decreased retail sales revenue. Total expenses are expected to be about 8% lower than projected over the same period, driven primarily by lower supply purchase due to lower sales, and lower general fund transfers from lower revenues. Table 1: Current Year (FY2026) and Projected Overall Rate Trajectory (FY 2027 to FY 2031) 2, and the Finance Committee on November 18, 20253, staff presented a rate trajectory of 9% in FY 2027, 7% in FY 2028, and 6% annually from FY 2029 through FY 2031. The current forecast maintains the same rate changes but reduces the rate increase from 8% to 6% in FY 2031. BACKGROUND 1 FY 2026 Financial Forecast for the Gas utility (approved June 16, 2025) is described in the Finance Committee Staff Report 2412-3868: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=64777&dbid=0&repo=PaloAlto 2 Staff Report 2503-4364: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto 3 Staff Report 2508-5119: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83887&dbid=0&repo=PaloAlto Item #2     Packet Pg. 7     3 6 0 8 0 The City is committed to transparency with utilities customers about the reason for rate changes, including explaining the cost drivers, benefits to customers, what the City is doing to manage costs for ratepayers, and the services and programs provided by the City to help customers keep utility bill costs affordable. Staff prepare the financial forecast annually as part of the rate-setting cycle. Attachment A, Exhibit 3 contains a set of Reserves Management Practices describing the reserves. Attachment A, Exhibit 4 outlines CPAU’s plan for communicating rate changes to customers. Next steps include presenting an overview of the financial forecast and rate change proposal for each utility service to the Finance Committee in April and to the City Council in June 2026. ANALYSIS FY 2025 Costs and Revenues Table 2: FY 2025 Actuals vs. Prior Year’s Forecast ($000) Net Cost/ (Benefit) Variance Type of Change Net Cost / (Benefit) of Variances (547)Net Cost Decrease Projections Overview Item #2     Packet Pg. 8     4 6 0 8 0 mainly due to lower projected operations and maintenance costs, including the deferral of the Crossbore project from FY 2026 to FY 2027. Additionally, CIP costs in FY 2026 are expected to be about $3.7 million (23%) higher, primarily due to higher projected CIP costs. Figure 1: Gas Utility Expenses, Revenues, Rate Changes Excluding Supply-Related Changes *FY25 Commitments and Reappropriations reserves balances for Operations and Capital Investment are anticipated to be utilized in FY 2026 and FY 2027. Note: Excludes Cap-and-Invest auction sales revenue and Cap-and-Invest-related expenses, which directly impacts the Cap-and-Invest reserve. Item #2     Packet Pg. 9     5 6 0 8 0 Load Forecast Gas usage in Palo Alto declined from FY 2020 to FY 2022, mainly due to the impacts of the COVID- 19 pandemic. However, FY 2023 saw an increase in gas usage, likely driven by a modest recovery from COVID-19 effects and colder than average winter temperatures. However, like previous declines in gas usage due to economic factors, it is unlikely that consumption will return to pre- pandemic levels. Instead, a long-term decline in gas usage is expected. Further changes, such as the voluntary replacement of gas appliances with electric appliances and building electrification are also expected to lower long-term usage. Staff will conduct strategic planning and financial analysis separately from this financial forecast to develop a financial and infrastructure strategy for the Gas Utility as the community electrifies. Any insights from that analyses will be integrated into future financial forecasts. Staff worked with a consultant to assist in the development of an updated gas load forecast, which included statistically adjusted end-use (SAE) modeling, weather-normalized modeling, economic factors, and high electrification assumption. The FY 2025 actual gas supply purchases totaled 25,436,120 therms, representing a decrease of about 8% compared to projections in the FY 2026 financial forecast. The lower-than-anticipated gas supply purchases in FY 2025 were primarily due to lower residential consumption, particularly during the winter season, along with improvements in energy efficiency and electrification-driven fuel-switching away from gas. The result, shown in Figure 2, projects gas supply load for FY 2027 at 25,239,664 therms, about 3% lower than prior year’s forecast. This downward projection was driven by weather-normalized lower consumption in FY 2025. Over time, declining gas consumption is expected to increase pressure on rates, as rising and fixed costs for gas operations and distribution will need to be allocated across fewer units sold. 0M 5M 10M 15M 20M 25M 30M 35M 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Th e r m s Fiscal Year Actual Load FY26 Load Forecast FY27 Load Forecast Item #2     Packet Pg. 10     6 6 0 8 0 Revenues This financial forecast bases sales revenue projections on the load forecast. Except where stated otherwise, these load forecasts are based on normal weather. Variations in weather have a substantial impact on revenues. Changes in customer behavior, gas appliance efficiency improvements, and electrification also impact gas usage. Staff regularly monitor emerging trends and make updates to forecasts as needed. The Gas Utility’s costs fall into two main categories: gas supply costs and distribution-related costs. Gas supply costs are the cost of the gas itself, transmission of the gas to Palo Alto, and environmental expenses. These supply-related costs vary with the market or are set by other entities and are passed through to customers. Distribution-related costs cover the operation and capital improvement of the distribution system, and overall business operations, and are collected through a distribution rate adjusted annually. Table 3 shows total Gas Utility costs. The operations and capital costs are considered distribution costs. Commodity 8,918 10,270 11,383 10,717 10,373 10,263 9,631 Transportation 6,610 6,800 6,915 7,019 7,174 7,347 7,635 Carbon Offset 961 1,147 1,198 1,244 1,291 1,340 1,411 Cap-and-Invest 2,669 3,867 4,032 4,613 5,241 5,920 6,361 Operations 33,375 35,361 36,635 36,834 38,786 40,316 42,178 Capital 8,176 19,499 22,829 11,914 17,776 11,411 15,266 Supply Costs Overall, supply expenses are projected to increase by an average of about 2% annually from FY 2027 through FY 2031. Gas commodity costs, which are the most variable component, account for the largest share of overall costs. Although market forecasts currently indicate that gas prices will remain relatively steady over the next several years, those forecasts are highly uncertain. The financial forecast assumes that gas prices decrease by an average of about 4% annually during the forecast period. Item #2     Packet Pg. 11     7 6 0 8 0 Transportation and environmental compliance costs are expected to rise gradually over the forecast period. PG&E's local transportation rates, which have experienced steady increases in recent years, are expected to rise by an average of 3% per year throughout the forecast period7. 8 9) and Council’s goal of reducing GHGs 80% by 2030, Palo Alto began allocating Cap-and-Invest reserves to support programs such as the Full-Service Heat Pump Water Heater Program. In Calendar Year 2024, Palo Alto received about $3.35 million in revenue from freely allocated allowances from the State. About $0.72 million was spent on the heat pump water heater direct installation and incentive program, while the remaining $2.63 million was transferred to the Gas Cap-and-Invest reserve at the end of FY 2025 to fund future gas GHG emissions reduction programs. The Gas Cap-and-Invest reserve has about $15.05 million at the end of FY 2025. The types of S/CAP related expenditures for Gas Cap-and-Invest revenues are for residential and non- residential building electrification pilot programs. 10, which involves purchasing carbon offsets equivalent to the emissions generated by the community's natural gas use. These high-quality offsets fund projects that reduce GHG emissions, such as forest conservation or methane capture from dairy farms. While purchasing carbon offsets is an important initial step in reducing carbon emissions, the long-term goal is to decrease the community's natural gas usage by maximizing efficiency and transitioning to high-efficiency electric appliances where feasible. Carbon offset purchases totaled about $1.1 million in FY 2025, and carbon offset costs are projected to rise by 4% annually through the forecast period. 7 The transportation rates for calendar years 2023-2026 reflect the rates in the adopted PG&E 2023 Gas Transmission & Storage (GT&S) Cost Allocation and Rate Design (CARD) (D.24-03-002), afterward a 3% escalation rate is applied. 8 Based on allowance broker quotes. 9 Council Resolution 10077: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=61567&dbid=0&repo=PaloAlto 10 Staff Report 7441: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=80132&dbid=0&repo=PaloAlto Item #2     Packet Pg. 12     8 6 0 8 0 prices. Funds collected from the gas price mitigation adder accrue in the Gas Distribution Rate Stabilization Reserve and can be used to offset the impact of a potential gas market price spike above the maximum gas commodity charge to customers. Through this program, about $1 million has been funded and allocated in the Gas Distribution Rate Stabilization Reserve at the end of FY 2025. The program is designed to fund the reserve over a three-year period through the adder, which is expected to result in approximately $4.5 million over three years to hedge against future short-term gas price spikes. Figure 3: Gas Distribution Utility Operations Costs 0 5 10 15 20 25 30 35 40 45 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Actuals Projection $ M i l l i o n s Fiscal Year Debt Service Demand Side Management Resource Management Customer Service Administration Operations & Maintenance Transfers Item #2     Packet Pg. 13     9 6 0 8 0 Capital Improvement Program Item #2     Packet Pg. 14     10 6 0 8 0 Table 4 shows the CIP cost categories and projected spending. Table 4: Projected CIP Spending ($000) *Includes unspent funds from previous years carried forward or reappropriated **A portion of project salaries and benefits has been allocated to the Gas Main Replacement budget in the table above for FY 2027-31, with a larger share assigned in FY 2027 to meet grant reimbursement requirements Table 5: Debt Service Coverage Ratio ($000) FY 2026 Debt Service 802 Reserves Item #2     Packet Pg. 15     11 6 0 8 0 Figure 4: Operations Reserve Projection Table 6 summarizes the risk assessment calculation for the Gas Utility through FY 2031. The risk assessment is intended to be covered by the Operations Reserve and includes the revenue shortfall that could occur due to: 1. Maximum non-commodity revenue percentage variance from the previous ten years; and 2. An increase of 10% of planned system improvement CIP expenditures for the budget year. CIP Contingency for FY 2030 and after is not needed due to resuming the use of the CIP reserve. Total Distribution Revenue 39,847 45,114 49,670 53,641 57,877 62,454 Risk of Revenue Loss @14% 5,591 6,330 6,970 7,527 8,121 8,763 CIP Budget 19,499 22,829 11,914 17,776 - - CIP Contingency @10%* 1,950 2,283 1,191 1,778 - - *CIP budget is excluded from FY 2030 onward Staff estimates that the gas price mitigation adder in the gas commodity charge will collect about $1.36 million in FY 2026 for the gas hedging program15. Although these funds are initially collected in the Operations Reserve, they should be transferred to the Gas Distribution Rate Stabilization Reserve to be available to mitigate the impact of potential gas market price spikes 15 Staff Report 2401-2510: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=82970&dbid=0&repo=PaloAlto; the utility collected about $1.05 million for this program in FY 2025, which was transferred from the Operations Reserve to the Gas Distribution Rate Stabilization reserve at the end of FY 2025. Item #2     Packet Pg. 16     12 6 0 8 0 exceeding the maximum gas commodity charge to customers. Staff proposes transferring up to $1.5 million Item #2     Packet Pg. 17     11 6 0 8 0 Item #2     Packet Pg. 18     12 6 0 8 0 from the Gas Utility Operations Reserve to the Gas Distribution Rate Stabilization Reserve at the end of FY 2026. The projected transfer is listed in row 12 in Table 7 below and the amount is included in part of the Operations transfer out in row 11. The exact transfer amount will be determined at year end based on calculations aligned with the gas hedging program. Reserve Balances Figure 5: Gas CIP Reserve Levels Item #2     Packet Pg. 19     13 6 0 8 0 Figure 6: Gas Utility Year-End Reserves Levels Note: Excludes Cap-and-Invest Reserve 0 5 10 15 20 25 30 35 40 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Actuals Projection $ M i l l i o n s Fiscal Year CIP Reserve Distribution Rate Stabilization Commitments & Reappropriations Operations Reserve Item #2     Packet Pg. 20     14 6 0 8 0 Table 7: Operations, CIP, Cap-and-Invest, and Debt Service Reserve Starting and Ending Balances, Revenues, Transfers To/(From) Reserves, Capital Program Contribution To/(From) Reserves, Total Reserve Changes, and Reserve Guideline Levels ($000) *Operations Reserve represents the Gas Supply Fund Rate Stabilization Reserve and the Gas Distribution Fund Operations Reserve combined. Item #2     Packet Pg. 21     15 6 0 8 0 Proposed Rates Table 11 shows the current and proposed monthly service charges, and Table 12 shows the current and proposed distribution volumetric charges for all rate schedules. As previously noted, supply-related charges are pass-through charges that are updated periodically. The latest charges are shown in the City’s Rates website17. The proposed rates reflect the proposed rate increases compared to the current rates, which are based on the Natural Gas Cost of Service and Rate Study and were adopted by City Council at the December 1, 2025 meeting18. (as of 2/1/2026)(effective 7/1/2026)($)(%) G-1 (Residential)$ 19.58 $ 22.41 $ 2.83 14.5% G-2 (Small Commercial) G-2 (≤ 220 scfh)$ 29.24 $ 33.47 $ 4.23 14.5% G-2 (> 220 and < 4,000 scfh) 94.56 108.27 13.71 14.5% G-2 (≥ 4,000 scfh) 419.08 479.84 60.76 14.5% G-3 (Large Commercial)$ 1,712.36 $ 1,960.65 $ 248.29 14.5% (as of 2/1/2026)(effective 7/1/2026)($)(%) (Residential) Tier 1 Rates $ 1.0456 $ 1.1972 $ 0.1516 14.5% Tier 2 Rates 2.5203 2.8857 0.3654 14.5% (Residential Master-Metered and Small Commercial) Uniform Rate $ 1.2204 $ 1.3973 $ 0.1769 14.5% (Large Commercial) Uniform Rate $ 1.1874 $ 1.3595 $ 0.1721 14.5% Table 13 shows the impact of the proposed July 1, 2026 rate changes on the median monthly residential bill for representative average winter and summer bills, excluding supply-related cost changes. The annual gas bill for the median residential customer is projected to be 9% 17 City’s Rates Website https://www.cityofpaloalto.org/files/assets/public/v/25/utilities/rates-schedules-for- utilities/residential-utility-rates/monthly-gas-volumetric-and-service-charges-residential-3.pdf 18 Staff Report 2506-4908: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84117&dbid=0&repo=PaloAlto Item #2     Packet Pg. 22     16 6 0 8 0 higher in FY 2027 than FY 2026. The actual impact may be different because customer gas usage varies and commodity price changes monthly. Table 13: Bill Impact of Proposed G-1 Gas Rate Changes ($/Month) ChangeUsage Bill Amount 1) Bill Amount 2) Summer (Apr-Oct) Winter (Nov-Mar) Annual Median 1. Calculated based on FY25 actual supply rates with current distribution rates; assumes current distribution rates were effective for the full year. If the current rate calculation instead applies Council-approved rates for July 2025 – January 2026, followed by cost-based adjustments from February 2026 – June 2026, the residential bill is projected to increase by about 14% from FY26 to FY27. 2. Calculated based on FY25 actual supply rates with proposed distribution rates; assumes no change to supply-related rates. Table 14: Bill Impact of Proposed G-2 and G-3 Gas Rate Changes ($/Month) ChangeUsageBill Amount 1) Bill Amount (Proposed Rates2) G-2 (Residential Master-Metered and Small Commercial) G-3 (Large Commercial) 1. Calculated based on FY25 actual supply rates with current distribution rates 2. Calculated assuming no change to supply-related rates Item #2     Packet Pg. 23     17 6 0 8 0 Bill Comparisons/Competitiveness Table 15 presents the median residential bills for Palo Alto and Pacific Gas and Electric Company (PG&E) customers. The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which includes Palo Alto’s surrounding communities. The calculated monthly gas bill for the median Palo Alto residential customer is about 11% lower than that of a PG&E customer with equivalent consumption. This difference is primarily attributable to the City’s fixed monthly service charge; PG&E does not apply a similar charge. (Therms) Summer 17 $ 51 $ 39 30% Winter 51 117 157 (26%) Annual Average 31 78 88 (11%) Note: Calculated based on FY25 actual supply rates with current distribution rates Table 16 presents the median monthly commercial bills for Palo Alto and PG&E customers. Palo Alto bills have been higher than PG&E’s bills over the years, mainly due to higher service charges. (Therms) Commercial 280*$ 668 $ 583 15% Large Commercial 20,834**43,576 29,637 47% Note: Calculated based on FY25 actual supply rates with current distribution rates *Based on median usage for Palo Alto G-2 rate class with meter capacity of >220 and <4,000 Scfh **Based on annual usage of about 250,000 therms Because the Cap and Trade program has been renamed the Cap-and-Invest program, this staff report requests the renaming of the Cap and Trade Reserve to the Cap-and-Invest Reserve. In accordance with Section 11 of the Gas Reserve Management Practices and Council-approved Cap-and-Invest revenue uses (Council Resolution 1007721), staff is authorized to transfer revenues from allocated allowance auction proceeds to the Cap-and-Invest Reserve at the end of each fiscal year. Additionally, staff may utilize funds from the Cap-and-Invest Reserve to 21 Council Resolution 10077: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=61567&dbid=0&repo=PaloAlto Item #2     Packet Pg. 24     18 6 0 8 0 support greenhouse gas (GHG) reduction programs by transferring funds from the Cap-and- Invest Reserve to the Operations Reserve. General Fund Transfer Next Steps FISCAL/RESOURCE IMPACT POLICY IMPLICATIONS Item #2     Packet Pg. 25     19 6 0 8 0 STAKEHOLDER ENGAGEMENT On November 5, 202523, staff presented the preliminary rate proposals at the UAC meeting. Some Commissioners raised affordability concerns and expressed interest in exploring innovative operating cost reductions rather than relying on the traditional approach of deferring capital investments. On November 18, 202524, staff presented the same preliminary rate proposals to the Finance Committee. Committee members focused on benchmarking rates against comparable utilities. They also inquired about cost-containment strategies. Additional discussion centered on reserve guidelines and the associated risk assessment. Members emphasized that the absence of rate increases during the pandemic created a catch-up scenario that should be avoided in the future. Additional feedback from the UAC and Finance Committee meetings in 2026 will be incorporated in the financial forecast and included in the proposal presented to City Council in June 2026 concurrent with the budget adoption process. Attachment A, Exhibit 4 contains examples of CPAU’s communication and outreach methods including the use of the Utilities website, utility bill inserts, messaging on utility bills, and MyCPAU online account management platform, email newsletters, print and digital ads in local publications, social media, and community messaging platforms. The UAC’s review and recommendation to the Finance Committee on the FY 2027 Gas Utility financial forecast and rate adjustments does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachment A: FY27 Gas Resolution Attachment A, Exhibit 1: FY27 Gas Rate Schedules Attachment A, Exhibit 2: FY27 Gas Utility Financial Details Attachment A, Exhibit 3: FY27 Gas Reserve Management Practices Attachment A, Exhibit 4: FY27 Gas Communications Plan : Alan Kurotori, Director of Utilities Staff: Eric Wong, Resource Planner 23 Staff Report 2503-4364: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto 24 Staff Report 2508-5119: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83887&dbid=0&repo=PaloAlto Item #2     Packet Pg. 26     Attachment A *NOT YET APPROVED* 6059739 1 Resolution No. Resolution of the Council of the City of Palo Alto Approving the Fiscal Year 2027 Gas Utility Financial Forecast and Reserve Transfers, General Fund Transfer, and Amending Rate Schedules G-1 (Residential Gas Service), G-2 (Residential Master-Metered and Commercial Gas Service), and G-3 (Large Commercial Gas Service) 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, including reserves. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Forecasts or Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Forecasts or Plans. C. Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. D. On June 15, 2026, the City Council heard and approved the proposed rate increase at a noticed public hearing. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby approves the Amended Reserves Management Practices (Exhibit 3 1) and FY 2027 Gas Utility Financial Forecast presented to the Finance Committee on March 17, 2026 2 and updated by the June 15, 2026 Council report, (Exhibit 2 3), which is attached to this resolution and made a part of the staff report presented to the City Council. SECTION 2. The Council hereby approves the transfer of up to $1.5 million from the Gas Utility Operations Reserve to the Distribution Rate Stabilization Reserve at the end of FY 2026. SECTION 3. The Council hereby approves the transfer of up to 18% of gas utility gross revenues received during FY 2025 to the general fund in FY 2027. 1 Exhibit 3 <<link>> 2 Meeting Agenda Item #: XX <<link>> 3 Exhibit 2 <<link>> Item #2     Packet Pg. 27     Attachment A *NOT YET APPROVED* 6059739 2 SECTION 4. 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 shown in Exhibit 14. Utility Rate Schedule G-1, as amended, shall become effective July 1, 2026. SECTION 5. 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 shown in Exhibit 1. Utility Rate Schedule G-2, as amended, shall become effective July 1, 2026. SECTION 6. 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 shown in Exhibit 1. Utility Rate Schedule G-3, as amended, shall become effective July 1, 2026. SECTION 7. The City Council finds that revenues derived from the gas rates approved by this resolution do not exceed the funds required to provide gas service and 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 8. 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. // // // // // // 4 Exhibit 1 <<link>> Item #2     Packet Pg. 28     Attachment A *NOT YET APPROVED* 6059739 3 SECTION 9. The Council finds that approving the FY 2027 Gas Utility Financial Forecast does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065 and CEQA Guidelines Section 15378(b)(5), because it is an administrative governmental activity which will not cause a direct or indirect physical change in the environment, and therefore, no environmental assessment is required. The Council finds that changing 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. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: City Clerk Mayor APPROVED AS TO FORM: APPROVED: Assistant City Attorney City Manager Director of Utilities Director of Administrative Services Item #2     Packet Pg. 29     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 027-01-2026 dated 072-01-20265 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 everywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES:Per Service Monthly Service Charge: .............................................................................................$ 22.42 19.58 Tier 1 Rates: Per Therm Supply Charges: 1.Commodity (Monthly Market-Based) ......................................... $0.10-$4.00 2.Cap and Trade Compliance Charge ............................................ Pass-through 3. Transportation Charge ................................................................. Pass-through 4.Carbon Offset Charge .................................................................. $0.00-$0.10 Distribution Charge:.......................................................................................$ 1.1971 1.0456 Tier 2 Rates: (All usage over 100% of Tier 1) Supply Charges: 1.Commodity (Monthly Market-Based) ......................................... $0.10-$4.00 2.Cap and Trade Compliance Charge ............................................. Pass-through 3. Transportation Charge ................................................................. Pass-through 4.Carbon Offset Charge .................................................................. $0.00-$0.10 Distribution Charge:.............................................................................................$ 2.8857 2.5203 Attachment A, Exhibit 1 Item #2     Packet Pg. 30     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 027-01-2026 dated 072-01-20265 Sheet No G-1-2 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, adjusted to account for delivery losses to the Customer’s Meter. The Commodity Charge also includes adjustments to account for Council- approved programs implemented to reduce the cost of Gas, including a municipal purchase discount1 and $0.055 per Therm for mitigating the impact of short-term natural gas market price spikes2. The Cap and Trade Compliance Charge is a pass-through charge that 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 changes in response to changing market conditions, retail sales volumes and the quantity of allowances required, and is calculated based on the Cap-and-Trade Program’s quarterly auction allowance closing prices. The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced when Gas is burned. The Carbon Offset Charge changes in response to changing market conditions, sales volumes and the quantity of offsets purchased within the Council-approved per Therm cap. The Transportation Charge is a pass-through charge based on the current PG&E G-WSL3 (Gas Transportation Service to Wholesale/Retail Customers) rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. 1 Adopted via Resolution 9451, on September 15, 2014. 2 Adopted via Resolution 10187 on August 19, 2024. 3 https://www.pge.com/tariffs/assets/pdf/tariffbook/GAS_SCHEDS_G-WSL.pdf Attachment A, Exhibit 1 Item #2     Packet Pg. 31     RESIDENTIAL GAS SERVICE UTILITY RATE SCHEDULE G-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No G-1-3 Effective 027-01-2026 dated 072-01-20265 Sheet No G-1-3 The Commodity and Carbon Offset Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per Therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.4 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 is calculated and billed based upon a level of 23 Therms per 30 day Billing Period during the Summer period, and 60 Therms per 30 day Billing Period during the Winter period, based on Meter reading days of Service, and rounded to the nearest whole Therm. As an example, Tier 1 Natural Gas is calculated at 0.767 Therms per day during the Summer period (.767 Therms per day x 30 days = 23 Therms) and 2.0 Therms per day during the Winter period (2 Therms per day x 30 days = 60 Therms). For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} 4 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.paloalto.gov/files/assets/public/utilities/rates-schedules-for-utilities/residential-utility-rates/monthly-gas- volumetric-and-service-charges-residential.pdf Attachment A, Exhibit 1 Item #2     Packet Pg. 32     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 072-01-2026 dated 027-01-20265 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 everywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: For Meters with maximum capacity: 1. Up to 220 Standard Cubic Feet per Hour (scfh) .............................................$ 33.47 29.24 2. Above 220 scfh and less than 4,000 scfh ....................................................$ 108.27 94.56 3. 4,000 scfh and above ..................................................................................$ 479.84 419.08 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) ......................................................... $0.10-$4.00 2. Cap and Trade Compliance Charges ........................................................... Pass-through 3. Transportation Charge .................................................................................. Pass-through 4. Carbon Offset Charge ................................................................................... $0.00-$0.10 Distribution Charge: ..................................................................................................$ 1.3973 1.2204 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 meter’s maximum capacity used to determine the applicable Monthly Service Charge for G-2 Gas Service is the installed Meter’s City of Palo Alto-approved maximum capacity in standard cubic feet per hour (scfh), measured at 7 inches of water column or equivalent to 0.25 pounds per square inch. Attachment A, Exhibit 1 Item #2     Packet Pg. 33     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-2-2 Effective 072-01-2026 dated 027-01-20265 Sheet No G-2-2 The Commodity Charge is based on the monthly natural gas Bidweek Price Index for delivery at PG&E Citygate, adjusted to account for delivery losses to the Customer’s Meter. The Commodity Charge also includes adjustments to account for Council- approved programs implemented to reduce the cost of Gas, including a municipal purchase discount1 and $0.055 per Therm for mitigating the impact of short-term natural gas market price spikes2. The Cap and Trade Compliance Charge is a pass-through charge that 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 changes in response to changing market conditions, retail sales volumes and the quantity of allowances required, and is calculated based on the Cap-and-Trade Program’s quarterly auction allowance closing prices. The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced when Gas is burned. The Carbon Offset Charge changes in response to changing market conditions, sales volumes and the quantity of offsets purchased within the Council- approved per Therm cap. The Transportation Charge is a pass-through charge based on the current PG&E G-WSL3 (Gas Transportation Service to Wholesale/Retail Customers) rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity and Carbon Offset Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per Therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.4 {End} 1 Adopted via Resolution 9451, on September 15, 2014. 2 Adopted via Resolution 10187 on August 19, 2024. 3 https://www.pge.com/tariffs/assets/pdf/tariffbook/GAS_SCHEDS_G-WSL.pdf 4 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.paloalto.gov/files/assets/public/utilities/business/business-rates/monthly-gas-volumetric-and-service-charges- commercial.pdf Attachment A, Exhibit 1 Item #2     Packet Pg. 34     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 072-01-2026 dated 027-01-20265 Sheet No G-3-1 A. APPLICABILITY: This schedule applies to Customers receiving Gas Service from the City of Palo Alto Utilities, who use at least 250,000 Therms per year at one site. B. TERRITORY: This schedule applies everywhere the City of Palo Alto provides Gas Service. C. UNBUNDLED RATES: Per Service Monthly Service Charge: $ 1,960.65 1,712.36 Per Therm Supply Charges: 1. Commodity (Monthly Market Based) .................................................... $0.10-$4.00 2. Cap and Trade Compliance Charges .................................................... Pass-through 3. Transportation Charge .......................................................................... Pass-through 4. Carbon Offset Charge ........................................................................... $0.00-$0.10 Distribution Charge: ................................................................................................$ 1.3595 1.1874 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, adjusted to account for delivery losses to the Customer’s Meter. The Commodity Charge also includes adjustments to account for Council- approved programs implemented to reduce the cost of Gas, including a municipal purchase discount1 and $0.055 per Therm for mitigating the impact of short-term natural gas market price spikes2. 1 Adopted via Resolution 9451, on September 15, 2014. 2 Adopted via Resolution 10187 on August 19, 2024. Attachment A, Exhibit 1 Item #2     Packet Pg. 35     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 072-01-2026 dated 027-01-20265 Sheet No G-3-2 The Cap and Trade Compliance Charge is a pass-through charge that 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 changes in response to changing market conditions, retail sales volumes and the quantity of allowances required, and is calculated based on the Cap-and-Trade Program’s quarterly auction allowance closing prices. The Carbon Offset Charge reflects the City’s cost to purchase offsets for greenhouse gases produced when Gas is burned. The Carbon Offset Charge changes in response to changing market conditions, sales volumes and the quantity of offsets purchased within the Council- approved per Therm cap. The Transportation Charge is a pass-through charge based on the current PG&E G-WSL3 (Gas Transportation Service to Wholesale/Retail Customers) rate for Palo Alto, accounting for delivery losses to the Customer’s Meter. The Commodity and Carbon Offset Charges will fall within the minimum/maximum ranges set forth in Section C. Current and historic per Therm rates for the Commodity, Cap and Trade Compliance, Carbon Offset and Transportation Charges are posted on the City Utilities website.4 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. {End} 3 https://www.pge.com/tariffs/assets/pdf/tariffbook/GAS_SCHEDS_G-WSL.pdf 4 Monthly gas and commodity and volumetric rates are available here, or by visiting https://www.paloalto.gov/files/assets/public/utilities/business/business-rates/monthly-gas-volumetric-and-service-charges- commercial.pdf Attachment A, Exhibit 1 Item #2     Packet Pg. 36     Attachment A, Exhibit 2 6 7 5 6 Item #2     Packet Pg. 37     Attachment A, Exhibit 2 6 7 5 6 Gas Utility Capital Improvement Program (CIP) Financial Details Item #2     Packet Pg. 38     Attachment A, Exhibit 3 6 7 5 7 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) For tracking unspent or unallocated revenues from the sale of carbon allowances freely allocated by the California Air Resources Board to the gas utility under the State’s Cap- and- Trade Invest Program, as described in Section 11 (Cap- and- Trade Invest Program Reserve) 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 9 (Unassigned Reserves) Item #2     Packet Pg. 39     Attachment A, Exhibit 3 6 7 5 7 Section 4. Reserve for Commitments 1. These guideline levels are calculated for each fiscal year of the Financial Planning Period and approved by Council resolution. 1 The guideline levels were corrected to match the Council-approved language updated from the FY 2021 Financial Plan. 2 Each month is calculated based upon 1/12 of the annual budget. 3 For example, in the Financial Plan for FY 2021, the 48 month period to use to derive the annual average is FY 2021 through FY 2024. In the FY 2022 Financial Plan, the 48 month period to use to derive the annual average would be FY 2022 through FY 2025 etc. Minimum Level 20% of the maximum CIP Reserve guideline level l Maximum Level Average annual (12 month)2 CIP budget, for 48 months of budgeted CIP expenses3 Item #2     Packet Pg. 40     Attachment A, Exhibit 3 6 7 5 7 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 3. Rate Stabilization Reserve The Rate Stabilization Reserve is used to manage the trajectory of future 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. Section 4. 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. Item #2     Packet Pg. 41     Attachment A, Exhibit 3 6 7 5 7 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 5. 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. Section 6. 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 funds between the Gas Supply Fund and Gas Distribution Fund if consistent with the purposes of the two reserves involved in the transfer and in order to balance gas utility reserves to avoid negative balances. For example, Gas Distribution revenues are needed to pay for certain supply- related costs such as administration of the Gas Supply Fund. Such transfers shall be included in the ordinance closing the budget for the fiscal year. Section 7. Cap- and- Trade Invest Program Reserve This reserve tracks unspent or unallocated revenues from the sale of carbon allowances freely allocated by the California Air Resources Board to the gas utility, under the State’s Cap- and- Trade Invest Program. Funds in this Reserve are managed in accordance with the City’s Policy on the Use of Freely Allocated Allowances under the State’s Cap- and- Trade Invest Program (the Policy), adopted by Council Resolution 9487 in January 2015, and amended by Council Resolution 10077 in October 2022. At the end of each fiscal year, the Cap- and- Trade Invest Program Reserve will be adjusted by the net of revenues and expenses associated with the Cap- and- Trade Invest program. Item #2     Packet Pg. 42     Attachment A, Exhibit 4 1 0 7 1 4 COMMUNICATIONS PLAN AND OUTREACH EXAMPLES – GAS UTILITY The proposed gas utility rate adjustments are part of the City of Palo Alto Utilities (CPAU) ongoing effort to maintain the financial health and reliability of the Gas Utility while managing the impacts of declining gas consumption and increasing operating and capital expenses. Reasons for the Proposed Rate Increase During the pandemic, the city kept overall Gas Utility rate increases to 2% to 3% annually and utilized reserve funding to cover costs. In the winter of 2022-23, surging gas prices depleted the Gas Utility reserves, which were used to cover the difference between actual gas costs and the revenue generated by charging customers the Council-approved maximum gas commodity charge. Reserves need to be replenished over time to ensure funds are available for safety and reliability needs, while managing ongoing cost inflation. The Gas Utility financial results have been affected by lower-than-expected sales revenues driven by reduced gas usage and lower commodity prices. Although supply purchases have also been below expectations, these savings were insufficient to offset revenue shortfalls. Additionally, capital improvement program (CIP) expenses exceeded projections, largely due to emergency repair work and rising labor costs. Looking ahead, staff project a continued decline in gas consumption due to electrification trends and long-term efficiency improvements, which will place upward pressure on rates as fixed operational and capital costs are spread across fewer therms sold. To maintain reliable operations, meet reserve targets, and fund essential infrastructure projects, staff are recommending a 9% overall rate increase in FY 2027. This includes a 14.5% increase in distribution rates and assumes stable supply-related charges. Communication Plan and Messaging Strategy Staff will implement a comprehensive communication plan to ensure that gas customers and community stakeholders understand the reasons for the proposed rate adjustment and CPAU’s efforts to minimize bill impacts. Key communication objectives are to: Increase transparency by clearly explaining how lower gas sales, infrastructure reinvestment, and reserve requirements contribute to the need for the rate adjustment. Emphasize stability and fairness by highlighting the stepwise approach to rate adjustments and the alignment of rates with actual cost-of-service principles, consistent with City Council direction and Proposition 26. Demonstrate fiscal stewardship by sharing that staff have pursued federal and state funding support (including Department of Transportation, FEMA, and CalOES grants) to offset emergency costs and provide additional main replacement. Promote understanding of long-term trends by contextualizing the rate increase within the broader transition to community electrification and declining gas demand. Item #2     Packet Pg. 43     Attachment A, Exhibit 4 1 0 7 1 4 Communication methods throughout the year, and specifically for rate changes, include direct customer outreach through utility bill inserts, targeted community newsletters and/or blogs, website updates at www.paloalto.gov/RatesOverview, social media, print and digital advertising, and participation in community outreach events. Public communication materials about rate changes will feature FAQs, charts or other visuals including infographics showing the breakdown of utility costs that correlate with the need for rate increases, and explanations of how customer classes are affected. Messaging will emphasize rate adjustments are necessary to sustain safe, reliable, and financially sound gas operations consistent with voter-approved guidelines and the city’s long-term energy strategy. In addition, CPAU continues to explore cost-containment measures for each utility fund. Stakeholder Engagement Public meetings before the UAC, Finance Committee, and City Council to present rate proposals and solicit community feedback. Communication with community partners—including key accounts, business, residential customer groups and associations, and low-income assistance advocates—to ensure rate impacts and mitigation options are well understood. Customer service training for Utilities staff to ensure consistent messaging in addressing customer inquiries. Item #2     Packet Pg. 44     Attachment A, Exhibit 4 1 0 7 1 4 Item #2     Packet Pg. 45     Utilities Advisory Commission Staff Report Report Type: NEW BUSINESS Lead Department: Utilities Meeting Date: March 31, 2026 Report #:2603-6163 TITLE Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the FY 2027 Electric Financial Forecast, including Approving a Reserve Transfers, and Amending Electric Rate Schedules E-1 (Residential Electric Service), E-1 TOU (Residential Time of Use Electric Service), E-2 (Residential Master-Metered and Small Non- Residential Electric Service), E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Time of Use Electric Service), E- 14 (Street Lights), E-16 (Unmetered Electric Service), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Net Surplus Electricity Compensation); CEQA Status: Not a project. under CEQA Guidelines Section 15378(b)(5) This will be a late packet report published on Thursday, March 26, 2026. Item #3     Packet Pg. 46     Utilities Advisory Commission Staff Report Report Type: NEW BUSINESS Lead Department: Utilities Meeting Date: March 31, 2026 Report #:2603-6164 TITLE Preliminary Information on the City of Palo Alto's (City) 2025 Urban Water Management Plan (2025 UWMP) This will be a late packet report published on Thursday, March 26, 2026. Item #4     Packet Pg. 47     Date: March 31, 2026 12-MONTH ROLLING CALENDAR FORECAST Utilities Advisory Commission City Council CCM – City Council Meeting (April 1, 2026 canceled) March 31, 2026 (Special Meeting) • FY 2026 – Q2 Informational Report • Gas Rates and Financial Forecast • Electric Rates and Financial Forecast • Preliminary Information on Palo Alto’s 2025 Urban Water Management Plan April CCM, PS & FCM Items • Gas Rates and Financial Forecast (FCM) • Electric Rates and Financial Forecast (FCM) • Duke’s Root Control for Root Foaming Treatment Services • Larratt Brothers Plumbing for Emergency Water Heater Replacement Contract Amendment • Utilities Reserves Advisory Report (PS) May 2026 May 6, 2026 • FY 2027 Utilities Operating and CIP Budget • Urban Water Management Plan • Water Supply and Demand Assessment • Election of UAC Chair and Vice Chair • FY 2027 Utilities Operating and CIP Budget (FCM) • Updates to Utilities Rules and Regulations • Commercial Customer Characterization Tool • Commercial Electrification Technical Assistance • June 3, 2026 • FY 2026 - Q3 Report, Informational • Status Update on the Gas Transition Study • GoGreen Business Energy Financing Program • UAC Work Plan • FY 2027 Utility Rates and 5-year Forecasts • FY 2027 Utilities Operating and CIP Budget • Commercial Efficiency and Electrification Program • North American Energy Standards Board (NAESB) Agreement with JPMorgan Chase Bank, N.A • Urban Water Management Plan • Permanent Water Use Ordinance • July 1, 2026 • FTTP Pilot Report Out • Grid Mod Project Update August 2026 August 5, 2026 • FTTP Pilot Report Out (FCM & CCM) • GoGreen Business Energy Financing Program • Grid Mod Bond Financing (FCM) • Sewer Lateral Replacement Project • CLEAResult for Residential Energy Efficiency and September 2, 2026 • Substations’ Electric Equipment and Structures Painting • Grid Mod Bond Financing October 2026 October 7, 2026 • FY 2026 – Q4 Report, Discussion November 2026 November 4, 2026 • FY 2028 Preliminary Rates December 2026 December 2, 2026 • FY 2028 Preliminary Rates (FCM) January 2027 January 6, 2027 February 2027 February 3, 2027 March 2027 March 3, 2027 Council Recap on Utilities Items – March 2026 Item #A     Packet Pg. 48     Approved By Council & Finance Committee: • Wastewater Rates and Financial Forecast (FCM) • Water Rates and Financial Forecast (FCM) • Flynn Resources Contract Amendment • Edison Electric Institute Master Power Purchase and Sales Agreement • Smart Energy Water/MyCPAU Customer Portal Contract Amendment Recurring Items Items to Be Scheduled • Educational Update on any Type of New Technology or Terminology • Projects with a Resiliency Component • Quarterly Reports (Q1-3 Info Rpts)(Q4 Discussion Summary of the year) o Financial Report o Utilities Programs Update  Informational EV Charger Installation Updates  Informational Bucket 1 REC Sales Updates  Informational Fiber Updates • Rates and Financial Forecast • Utilities Budget • Utilities Quarterly Informational Report – Council Item #A     Packet Pg. 49     DOCUMENTS IN THIS PACKET INCLUDE: LETTERS FROM CITIZENS TO THE UTILITIES ADVISORY COMMISSION No public letters received from March 4, 2026 - March 19, 2026 Item #B     Packet Pg. 50     Staff Report: 2512-5644 – Page 1 of 53 Utilities Advisory Commission Staff Report From: Alan Kurotori, Director Utilities Lead Department: Utilities Meeting Date: March 31, 2026 Report #: 2512-5644 TITLE Information Report: Utilities Quarterly Report for FY2026-Q2 RECOMMENDATION This is an informational report, and no action is requested. EXECUTIVE SUMMARY This report has been prepared to keep the Utilities Advisory Commission (UAC) apprised of the major issues that are facing the water, gas, electric, wastewater collection and fiber utilities, including legislative/regulatory issues, utility- related capital improvement programs, operations, reliability impact measures and a utility financial summary. Items of special interest in this report are summarized below: Vacancies and Staffing – Appendix B The Utilities Department has 46 vacant positions out of 269 authorized positions or a 17% vacancy rate at the end of December 2025 compared to 44 vacancies or 16% in September 2025. Electric Operations continues to have the highest number of vacancies at 19 full-time employees (FTEs) or a 23% vacancy rate, however, there are 3 new hires since the previous quarter. Some of the hard to fill positions are lineperson cable splicer (4 FTEs), overhead underground troubleperson (2 FTEs), and utility compliance technician (2 FTEs). Electric Utility: Electric net supply cost for FY 2026 is currently projected to be $88.7M, which represents a 3.3% decrease from the adopted budget level of $91.7M. FY 2026 through Q2 has seen higher-than-anticipated load, which led to an increase in market purchases relative to budget projections. (Section 1.1.1) Utilities staff is working with the Northern California Power Agency to identify new renewable energy and storage projects. (Section 1.1.3) An update regarding the electric grid modernization work is provided, (Section 1.2) and an update on electric power outages and reliability is provided (Section 1.3) Electric sales volumes in Q2 were 7.8% higher than forecasted, driven by new data center load. (Section 1.4.1) Gas Utility: Gas prices have been relatively low and stable. (Section 2.1) One gas main replacement project is in progress, and one is in the design stage; repairs from the winter of 2023 storms are anticipated to begin mid-2026. (Section 2.2) Item #C     Packet Pg. 51     Staff Report: 2512-5644 – Page 2 of 53 An update on gas service interruptions and work to proactively meet new compliance goals before they go into effect is provided (Section 2.3) Gas sales are highly weather-dependent and were down slightly in the first half of FY 2026. (Section 2.4.1) Water Utility: As of February 1, precipitation at the Hetch Hetchy weather station was about 110% of median for Water Year 2026. (Section 3.1) Water sales through Q2 of FY 2026 were about 6.1% lower than forecasted, which is attributed to relatively mild summer months. (Section 3.4.1) Wastewater Utility: Actual wastewater sales revenues through Q2 are tracking 3.1% above the budget. (Section 4.3.1) Fiber Utility: For Fiber-to-the-Premises (FTTP), the City received delivery of the fiber hut which holds the electronic equipment to provide fiber internet service. The fiber hut is scheduled to be provisioned with power and fiber by end of March 2026. (Section 5.1) Item #C     Packet Pg. 52     Staff Report: 2512-5644 – Page 2 of 53 Item #C     Packet Pg. 53     Staff Report: 2512-5644 – Page 3 of 53 OVERVIEW Utilities Quarterly Report Fiscal Year 2023 Item #C     Packet Pg. 54     Staff Report: 2512-5644 – Page 4 of 53 1 ELECTRIC UTILITY.....................................................................................................................................................................6 1.1 ELECTRICITY SUPPLY AND TRANSMISSION ...........................................................................................................................................6 1.1.1 Forecasted Supply Costs...................................................................................................................................................6 1.1.2 Hydroelectric Conditions ..................................................................................................................................................7 1.1.3 Renewable Energy Procurement ......................................................................................................................................7 1.2 CAPITAL IMPROVEMENT PLAN STATUS ...............................................................................................................................................7 1.3 RELIABILITY ..................................................................................................................................................................................8 1.4 FINANCIAL HEALTH ........................................................................................................................................................................9 1.4.1 Sales Forecasts vs. Actuals ...............................................................................................................................................9 1.4.2 Financial Position ...........................................................................................................................................................10 2.1 GAS SUPPLY AND TRANSMISSION ....................................................................................................................................................11 2.1.1 Actual and Forecasted Supply Costs ..............................................................................................................................12 2.2 CAPITAL IMPROVEMENT PLAN STATUS .............................................................................................................................................12 2.3 RELIABILITY ................................................................................................................................................................................13 2.4 FINANCIAL HEALTH ......................................................................................................................................................................13 2.4.1 Sales Forecasts vs. Actuals .............................................................................................................................................13 2.4.2 Financial Position ...........................................................................................................................................................14 3.1 WATER SUPPLY AND TRANSMISSION ...............................................................................................................................................16 3.2 CAPITAL IMPROVEMENT PLAN STATUS .............................................................................................................................................18 3.3 RELIABILITY ................................................................................................................................................................................20 3.4 FINANCIAL HEALTH ......................................................................................................................................................................21 3.4.1 Sales Forecasts vs. Actuals .............................................................................................................................................21 4 WASTEWATER UTILITY ..........................................................................................................................................................22 4.1 WASTEWATER TREATMENT UPDATES AND CAPITAL PLANNING STATUS ..................................................................................................22 4.1.1 Treatment Cost Trends...................................................................................................................................................22 4.1.2 Regional Water Quality Control Plant Capital Planning Status .....................................................................................23 4.2 COLLECTION SYSTEM CAPITAL IMPROVEMENT PLAN STATUS ................................................................................................................24 4.3 FINANCIAL HEALTH ......................................................................................................................................................................25 4.3.1 Sales Forecasts vs. Actuals .............................................................................................................................................25 4.3.2 Financial Position ...........................................................................................................................................................26 5.1 FIBER UTILITY STRATEGIC PLANNING ...............................................................................................................................................27 5.2 CAPITAL IMPROVEMENT PLAN STATUS .............................................................................................................................................27 5.3 RELIABILITY ................................................................................................................................................................................27 5.4 FINANCIAL HEALTH ......................................................................................................................................................................27 5.4.1 Fiber Sales ......................................................................................................................................................................28 5.4.2 Financial Position ...........................................................................................................................................................28 7.1 STATE LEGISLATIVE ACTIVITY ..........................................................................................................................................................30 7.2 STATE REGULATORY ACTIVITY ........................................................................................................................................................30 7.3 FEDERAL ACTIVITY .......................................................................................................................................................................30 Item #C     Packet Pg. 55     Staff Report: 2512-5644 – Page 5 of 53 8.1 OVERVIEW OF HEDGING PROGRAMS ...............................................................................................................................................32 8.2 OVERVIEW OF ENERGY RISK MANAGEMENT PROGRAM.......................................................................................................................32 8.3 FORWARD DEALS.........................................................................................................................................................................32 8.4 ELECTRIC MARKET EXPOSURE ........................................................................................................................................................33 9 APPENDIX B: STAFFING AND VACANCIES ...............................................................................................................................34 APPENDIX C: WASTEWATER UTILITY ANNUAL INFRASTRUCTURE MAINTENANCE AND REPLACEMENT REPORT .............................35 11. APPENDIX D: PALOALTOGREEN GAS PROGRAM ................................................................................................................................40 10 APPENDIX E: FISCAL YEAR 2025 DEMAND SIDE MANAGEMENT REPORT ............................................................................42 10.1 EXECUTIVE SUMMARY ..................................................................................................................................................................42 10.1.1 Summary Goals and Achievements................................................................................................................................42 10.2 ELECTRIC EFFICIENCY ....................................................................................................................................................................43 10.3 GAS EFFICIENCY AND ELECTRIFICATION ............................................................................................................................................45 10.4 WATER EFFICIENCY ......................................................................................................................................................................48 10.5 ELECTRIC VEHICLES ......................................................................................................................................................................49 10.6 SOLAR AND STORAGE ...................................................................................................................................................................51 Figures FIGURE 1: FY 2026 Q2 NET SUPPLY COST FORECAST VS. ACTUALS..........................................................................................................................6 FIGURE 2: HYDRO GENERATION: FY 2026-2028 ACTUALS & PROJECTIONS (GWH)...................................................................................................7 FIGURE 3: ELECTRIC OUTAGE RELIABILITY, CY 2019 THROUGH 2025.......................................................................................................................9 FIGURE 4: ELECTRIC SALES VOLUME (KWH), FY 2026-Q2...................................................................................................................................10 FIGURE 5: ELECTRIC SALES REVENUE ($), FY 2026-Q2.......................................................................................................................................10 FIGURE 6: PALO ALTO GAS COMMODITY RATES .................................................................................................................................................11 FIGURE 7: GAS SUPPLY COSTS ($), ACTUAL VS BUDGET, FY2026-Q2....................................................................................................................12 FIGURE 8: GAS SERVICE INTERRUPTIONS, FY 2025 TO FY 2026............................................................................................................................13 FIGURE 9: GAS SALES VOLUME (THERMS), FY 2026 Q2......................................................................................................................................14 FIGURE 10: GAS SALES REVENUE ($), FY 2026 Q2............................................................................................................................................14 FIGURE 11: REGIONAL WATER SYSTEM STORAGE ...............................................................................................................................................16 FIGURE 12: SFPUC WATER DELIVERIES ............................................................................................................................................................17 FIGURE 13: WATER SERVICE INTERRUPTIONS, FY 2025 TO FY 2026.....................................................................................................................20 FIGURE 14: WATER SALES VOLUME (CCF), FY 2026 Q2 ....................................................................................................................................21 FIGURE 15: WATER SALES REVENUE ($), FY 2026 Q2........................................................................................................................................21 FIGURE 16: PALO ALTO’S SHARE OF ESTIMATED WASTEWATER TREATMENT EXPENSES ..............................................................................................23 FIGURE 17: CURRENT RWQCP CAPITAL WORK IN-PROGRESS (BASED NOVEMBER 4, 2025 REPORT TO FINANCE COMMITTEE).........................................24 FIGURE 18: WASTEWATER SALES REVENUE ($), FY 2026 Q2...............................................................................................................................26 FIGURE 19: ELECTRIC RESOURCE ADEQUACY DEALS.............................................................................................................................................32 FIGURE 20: ELECTRIC LOAD RESOURCE BALANCE, FY 2026 – 2028.......................................................................................................................33 FIGURE 21: UTILITIES VACANCIES AND RECRUITMENTS BY DIVISION........................................................................................................................34 FIGURE 22: OFFSET PORTFOLIO COMPOSITION ...................................................................................................................................................40 FIGURE 23: OFFSET PROJECT DESCRIPTIONS ......................................................................................................................................................41 Item #C     Packet Pg. 56     Staff Report: 2512-5644 – Page 6 of 53 1 Electric Utility The City’s electric utility serves all residential and non-residential electric demands in Palo Alto at a lower cost than PG&E in surrounding communities. Its electric supply portfolio is 100% carbon neutral. The City maintains and operates an electric distribution system but does not operate any transmission lines or any generating capacity on its own. Instead, the City belongs to Northern California Power Agency (NCPA) which operates its Calaveras hydroelectric generating plant and provides power scheduling services for its other generating resources. This carbon free power is supplied through power purchase agreements with various generation operators. 1.1 Electricity Supply and Transmission Below is an update on electricity supply and transmission services. 1.1.1 Forecasted Supply Costs The electric net supply cost for FY 2026 is currently projected to be $88.7M, which represents a 3.3% decrease from the Adopted Budget level of $91.7 M. For FY 2027, electric net supply cost is projected to be $95.2 M. During Q2 of FY 2026, net supply cost was about $0.9M lower than the adopted budget. Although the actual net supply cost was consistent with projections for Q2, the actual supply costs for FY2026 are below the budgeted supply cost by ~$2.1 M. FY2026 has seen higher-than-expected load demand, which eliminated any sales from surplus energy. The other most notable variances from the adopted budget were the lower congestion and loss costs (down $2.8M) and the lower costs in renewable projects (down $1.2M). Revenue from RA sales as well was higher than expected (up $1.75M)Overall, actual supply costs in the first half of FY 2026 were 4.9% below the budgeted level. Based on these actuals and the forecasted supply costs for the remainder of the year, FY 2026 net supply cost is projected to end the fiscal year 3.3% below the adopted budget.. Figure 1: FY 2026 Q2 Net Supply Cost Forecast vs. Actuals Item #C     Packet Pg. 57     Staff Report: 2512-5644 – Page 7 of 53 1.1.2 Hydroelectric Conditions The City receives power from two hydroelectric projects, the Calaveras project and the Western Base Resource contract for federal hydropower from the Central Valley Project.1 The watershed for Western hydropower is primarily in the northern end of California, while the watershed for the Calaveras project is in the Central Sierras. Following the average water year of 2024-2025, reservoir levels across the state began this water year at slightly above average levels. As of February 9th, precipitation in northern California is about 10% above average for this time of year, while central California is 3% below average. Hydro generation levels are currently projected to be roughly average for FY 2026 and FY 2027, with total output of about 97% of the long-term average level for FY 2026 through FY 2028. Figure 2: Hydro Generation: FY 2026-2028 Actuals & Projections (GWh) 1.1.3 Renewable Energy Procurement Utilities staff is currently working with NCPA to issue a new request for proposals (RFP) for new renewable energy and storage projects, with proposals expected to be received by the end of the calendar year. Staff will update the UAC in the coming months as this effort proceeds. 1.2 Capital Improvement Plan Status The following capital projects are currently in progress or have been recently completed: EL-17001 (East Meadow Circles 4/12kV Conversion) This project is scheduled to be completed in several phases. Phase 1 is completed. Phase 2 engineering design is completed. Phase 2 construction is expected to be completed December 2026. EL-10006 (Rebuild Underground 24) This project is in the design phase, which is scheduled to be completed in June 2026. Construction will be completed by Summer 2027. EL-16000 (Rebuild Underground 26) The engineering design for this project is currently in progress. The project will be completed in multiple phases and will take additional years to complete. All engineering design phases are expected to be completed by December 2026. Construction is expected to be completed by Summer 2027. EL-19004 (Wood Pole Replacement) 1 The Calaveras project is a hydropower project located in Calaveras County that is maintained and operated by the Northern California Power Agency on behalf of the City and other project participants. The City is also one of several public entities with contracts with the Western Area Power Administration for “Base Resource” electricity, which is the hydroelectric power available from the federal government’s Central Valley Project (operated by the Bureau of Reclamation) after accounting for power used for Central Valley Project operations and power delivered to certain “preference” customers. FY 2026 FY 2027 FY 2028 Calaveras Generation (GWh)81 116 95 Western Generation (GWh)261 298 249 Total Hydro Generation (GWh)342 414 343 % of Long-term Average Total 91%110%91% Long-term Average Total Hydro (GWh)376 376 376 Item #C     Packet Pg. 58     Staff Report: 2512-5644 – Page 8 of 53 CPAU staff and contract consultants are continuously working on pole replacement designs for construction. 25 poles were replaced to date in FY 2026. The replacement of poles will continue to be prioritized in the Grid Modernization areas. EL-16003 (Substation Physical Security). This project is scheduled to be completed in two phases. Substation Security lighting and camera contract was awarded in June 2022. The installation for the first phase was completed for 7 of the 9 substations in December 2024. The next phase of the Substation Physical Security Project is pending the Colorado Master Plan. The Colorado Master Plan incorporates and coordinates all planned construction work at Colorado Substation, and the Physical Security work is expected to start in FY27. EL-17002 (Substation 60kV Breaker Replacement) This project funds the purchase and replacement of both 60kV and 12kV substation circuit breakers that are reaching the end of their useful life expectancy. Council approved the purchase request for the sixteen 12kV circuit breakers and eight 60kV breakers. The installation of the 12kV breakers is complete. The project to purchase the eight 60KV breakers was approved by City Council on May 20, 2024. The engineering design and installation of the 60kV breakers has been postponed pending the results and recommendations of a Master Plan for Colorado Substation, a Plan that coordinates all planned work in the Substation and is expected to result in a re-design of the 60KV Buss to either a Breaker-and-a-Half or Ring Buss scheme. The final Master Plan from the City's consultant Ampirical is expected to be delivered by the end of FY26, and the tentative schedule for the Colorado Substation re-design is expected to commence in FY27. EL-21001 (Foothills Rebuild) This project will rebuild approximately 9 miles of overhead line in Foothills Park, as necessary to lower the risk of wildfires due to overhead electric lines. Staff has completed 39,200 feet of substructure work and de-energized an equivalent amount of overhead electric lines. Substructure for Phase 1 was completed in Spring 2022 and the substructure for Phase 2 was completed in June 2023. Phase 3 construction is 100% complete with substructures and cable installed and energized. Phase 4 construction has completed 13,500 feet of the planned 22,000 feet. Phase 4 undergrounding and has slowed due to winter weather. Phase 5 substructure installation along Arastradero road is 100% completed with all substructure and cable installed and energized. Phase 4 undergrounding is planned for completion this summer and overhead lines (currently de-energized) will be removed on all phases as weather permits. All work is expected to be complete before the end of fiscal year 2026. EL-02011 (Electric Utility Geographic Information System (GIS)) The project scope includes on-going maintenance/technical support of the existing GIS system and implementation of the new GIS platform, ESRI. Staff is exploring options with IT to accelerate migration to the new ESRI platform. EL-24000 (Grid Modernization) The Pilot project was completed April 2025. Sixty-six poles have been replaced in the Grid Modernization Pilot area. Additionally, 908 homes in the Pilot area are ready for electrification. The overhead design and material procurement is in progress for the remainder of Phase 1. This includes an additional ~3,500 homes within boundaries of Embarcadero Road, West Bayshore Road, Loma Verde Ave, Middlefield Road, Oregon Expressway, and El Camino Real. The scope remains the same as the Pilot area, which is to upgrade and install new transformers, overhead wires, poles and attachment equipment. The target date for Engineering design is February 2026 and construction to follow (12-18 months). Additionally, as Engineering staff review customer service upgrade requests and maintenance projects throughout the City, opportunities for infrastructure upgrades are being executed. 1.3 Reliability CPAU tracks electric power outages through industry recognized indices; System Average Interruption Duration Index (SAIDI), System Average Interruption Frequency Index (SAIFI), and Customer Average Interruption Duration Index (CAIDI). The chart below summarizes outage indices for Palo Alto. With this quarterly update, staff is presenting both outage indices with and without the impacts of “major event days” (MED). For Palo Alto a MED is defined as a 24-hour Item #C     Packet Pg. 59     Staff Report: 2512-5644 – Page 9 of 53 period that impacts more than 10% of Palo Alto’s electric customers. By including and excluding MED, staff can review both the impact of major events versus outages associated with more typical day-to-day operations. Figure 3: Electric Outage Reliability, CY 2019 through 2025 Major Event Days Included Major Event Days Excluded CY SAIDI SAIFI CAIDI SAIDI SAIFI CAIDI 2019 132.8 1.065 124.7 25.3 0.225 112.0 2020 46.2 0.830 55.7 20.9 0.165 126.7 2021 39.7 0.277 143.1 9.4 0.029 329.3 2022 71.7 0.622 115.3 13.4 0.070 190.5 2023 154.1 1.182 130.4 43.5 0.176 247.0 2024 134.7 0.844 159.7 67.4 0.474 142.1 2025 68.1 0.614 110.9 27.2 0.111 245.2 1.4 Financial Health 1.4.1 Sales Forecasts vs. Actuals Item #C     Packet Pg. 60     Staff Report: 2512-5644 – Page 10 of 53 Figure 4: Electric Sales Volume (kWh), FY 2026-Q2 Figure 5: Electric Sales Revenue ($), FY 2026-Q2 1.4.2 Financial Position The FY 2027 preliminary electric rate trajectory presented at the November 5, 2025 UAC meeting3 remains unchanged from the FY 2026 Financial Forecast4 presented to Council on June 16, 2025, which projected a 6% rate increase in FY 2027. Staff projects the Electric Utility’s Operations Reserve will total $49.7 million at end of FY 2026, which is close to the target level of $49.3 million. Staff expects that debt will be issued in FY 2027 to offset a portion of the grid modernization costs already spent and planned in FY 2026 – FY 2029. Staff will provide an updated financial forecast projection to the UAC in April 2026. 3 Staff Report 2503-4364: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto 4 Attachment D, Exhibit 1 to Staff Report 2411-3776, June 16, 2025: 7.8% 4.0% Item #C     Packet Pg. 61     Staff Report: 2512-5644 – Page 11 of 53 2 Gas Utility The City’s gas utility serves all residential and non-residential gas demand in Palo Alto. The City maintains and operates a system of medium-pressure gas lines for delivering gas but does not operate any transmission lines. Costs for the gas utility are split approximately two thirds for the operation, maintenance, and capital improvement and one third for the cost of the gas commodity, PG&E gas transmission, compliance with the State’s Cap and Trade Program and the City’s Carbon Neutral Gas Program. 2.1 Gas Supply and Transmission After experiencing a notable price spike during winter 2022-2023, natural gas prices in California have seen a significant decline, returning to more typical ranges. This shift can be attributed to several factors, including milder temperatures and above average gas storage levels in the West. The combination of these factors has kept natural gas prices low, and we do not expect a significant price spike to occur in the near future. The chart below shows Palo Alto’s gas commodity rates from September 2021 through December 2025. Figure 6: Palo Alto Gas Commodity Rates Item #C     Packet Pg. 62     Staff Report: 2512-5644 – Page 12 of 53 2.1.1 Actual and Forecasted Supply Costs Actual supply costs through FY 2026-Q2 were approximately 27% lower than budgeted in the FY 2026 Financial Forecast. This variance was primarily driven by historically low natural gas prices, which remained well below initial forecasts. PG&E benchmark prices at Citygate and Malin were projected at $4.49 and $3.77 per MMBtu for the first half of the fiscal year, while actual average costs came in lower at $3.42 per MMBtu. Through FY 2026-Q2, the budget total was $8,936,348, the actual total was $6,984,166, and the variance was ($1,952,182), which was 22% lower than budgeted in the FY 2026 Financial Forecast. Figure 7: Gas Supply Costs ($), Actual vs Budget, FY2026-Q2 2.2 Capital Improvement Plan Status The following capital projects are currently in progress: GS-15000 – GMR 25 (Gas Main Replacement 25) The GMR 25 project will replace approximately 26,000 linear feet of gas mains on Ross Road from Colorado Avenue to East Meadow Drive and surrounding streets, as well as North and Southampton Drive and surrounding streets, and Walter Hays Drive and surrounding streets. Construction on the project is anticipated to begin in early 2026 and finish in mid-2027. A $16.5 million reimbursable grant from the Pipeline and Hazardous Material Safety Administration was awarded for this project. GS-25001 – Gas Line Repair at Arastradero Creek During the 2023 winter storms, portions of Arastradero Creek eroded away and exposed a gas pipeline crossing Arastradero Creek. This project completed the data gathering phase and will begin the design and permitting phase of the work. A permanent solution was presented to the permitting agencies (Water Board, CDFW, USACE) in August 2025 for input and permitting could take 9 months to complete. Construction on this project is anticipated to begin in 2027. All work will take place in the Pearson Arastradero Preserve. GS-16000 – GMR 26 (Gas Main Replacement 26) The GMR 26 project will replace approximately 26,000 linear feet of gas mains in the Midtown, Palo Verde, Fairmeadow, and Evergreen Park neighborhoods. The project is currently in design with construction anticipated in mid-2027. Operational Fund – Historic Crossbore Inspection Project The Cross Bore Phase IV Project includes a total of 963 sewer laterals located throughout the City. The project inspections are on-going and are being performed by the City’s Operational crew. The laterals that cannot be completed by city crews, will be inspected by a contractor at a later date. A total of 271 laterals have been inspected Item #C     Packet Pg. 63     Staff Report: 2512-5644 – Page 13 of 53 by city crews, with 153 being cleared of a cross bore and 118 more complex situations requiring reinspection with more specialty equipment, which may be completed by a contractor or staff with additional training. A lateral launch camera may be required for the reinspection, which Operations staff recently acquired. Training was completed in December 2025. 692 sewer laterals remain to be inspected by city crews and will continue in 2026 when new hourly employees are anticipated to be hired. 2.3 Reliability The City of Palo Alto tracks all gas service interruptions. A summary chart of these interruptions can be found below. Gas service interruptions are usually due to repairs of broken or damaged gas services and mains. This kind of damage is often caused by excavation by outside parties digging in the City. In Q1 FY25, staff recorded higher numbers in gas service interruption tracking due to the division allocating more resources to resolve existing gas leaks. These leaks are small and are monitored; however, expected changes in gas legislation will require them to be resolved more quickly. The gas division has been proactively working to meet upcoming compliance goals before the new rules go into effect. In Q2 FY 2026 there was an increased number of gas dig-ins by outside contractors. These were responsible for 7 of the 11 outages and 189 of the customers affected. Figure 8: Gas Service Interruptions, FY 2025 to FY 2026 FY 2025 FY 2026 Gas Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Number of Breaks 13 7 6 6 4 11 Total Minutes 1860 1205 1050 930 300 1063 Customers Affected 135 48 23 40 17 200 2.4 Financial Health Below is a summary of the financial position for the gas utility. 2.4.1 Sales Forecasts vs. Actuals Actual gas sales volumes through Q2 2026 were approximately 3.1% below forecast, resulting in revenues 8.6% below budget, as gas market prices continued to be lower than anticipated. 153 118 692 Total Sewer Laterals Completed Total Sewer Laterals Incomplete Total Addresses remaining to be Inspected 963 sewer laterals for Inspection Item #C     Packet Pg. 64     Staff Report: 2512-5644 – Page 14 of 53 Figure 9: Gas Sales Volume (Therms), FY 2026 Q2 2.4.2 Financial Position At the end of FY 2025, the Gas Utility’s Operations Reserve was $9.7 million, slightly above the minimum guideline level of $8.6 million (this balance includes $8.57 million held in the CIP Reappropriations Reserve to be reimbursed through a grant, and $5.4 million temporarily recorded in the Operations Commitments Reserve, due to an administrative oversight which should have been placed in Operations Reserve). Gas sales revenue in FY 2025 was about $4.7 million below forecast due to lower usage. Although supply purchases were $3.2 million below forecast and distribution expenses were $0.6 million lower, these savings did not fully offset the revenue shortfall. CIP expenses exceeded projections by $6.8 million, funded largely through the CIP Reappropriation and Commitments Reserve for Gas Main Replacement Project 24. An additional $700,000 will be needed in FY 2027 for gas line repairs at Arastradero Creek, partially offset by approximately $395,000 in grant funding shared across Water, Wastewater, and Gas Utilities. In FY 2026 and FY 2027, staff projects the Operations Reserve will be impacted by lower -3.1% -8.6% Item #C     Packet Pg. 65     Staff Report: 2512-5644 – Page 15 of 53 sales revenues from lower consumption and higher CIP expenses. Staff projects the Gas Utility’s Operations Reserve will total $12.3 million at end of FY 2026. 7 is a 14.5% distribution rate increase, or a 9% overall increase for FY 2027, assuming supply charges remain unchanged, which is higher than the 6% overall increase projected in the FY 2026 Financial Forecast8 presented to Council on June 16, 2025. Staff will provide an updated financial forecast projection to the UAC in April 2026. 7 Staff Report 2503-4364: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto 8 Attachment D, Exhibit 1 to Staff Report 2411-3776, June 16, 2025: Item #C     Packet Pg. 66     Staff Report: 2512-5644 – Page 16 of 53 3 Water Utility The Water Utility serves water to virtually all Palo Alto residential and non-residential customers. All potable water in the City is from the San Francisco Public Utilities Commission (SFPUC) Hetch Hetchy Water System. This system delivers high quality water from the Sierra Nevada and uses no pumping to deliver water to the City. Palo Alto uses a small amount of recycled water for irrigation of the Municipal Golf Course and a few other sites near the Regional Water Quality Control Plant. The City also maintains a system of reservoirs, wells, and emergency interties that enable Palo Alto to serve water during an interruption of the Hetch Hetchy system. Costs for the Water Utility are split approximately half for the operation, maintenance and periodic replacement of Palo Alto’s water system and half for the costs of the water purchased. 3.1 Water Supply and Transmission As of February 1, 2026, cumulative Hetch Hetchy Weather Station precipitation for Water Year (WY) 2026 was 110% of median, and the Regional Water System total storage operated by the San Francisco Public Utilities Commission (SFPUC) was at 93% of maximum storage and the Water Bank was 99% full. In the figure below, the solid black line shows storage in the Regional Water System for the past 12 months (color bands show contributions to total system storage) and the dashed black line shows total system storage for the previous 12 months. Regional Water System Storage is 1,334 Thousand Acre Feet (TAF) as of February 1, 2026. Figure 11: Regional Water System Storage Item #C     Packet Pg. 67     Staff Report: 2512-5644 – Page 17 of 53 The figure below shows water usage for the South Bay/East Bay (including Palo Alto) compared to several benchmarks, including 2015, 2025 and a five-year average. For the South Bay/East Bay region as well as systemwide, demand for 2026 has been higher than the average of the last five years. Figure 12: SFPUC Water Deliveries CY2022 o Apparent Losses: 16.1 gal/connection/day o Real Losses: 6.7 gal/connection/day Item #C     Packet Pg. 68     Staff Report: 2512-5644 – Page 18 of 53 CY2023 o Apparent Losses: 16.7 gal/connection/day o Real Losses: 4.0 gal/connection/day CY2024 o Apparent Losses: 11.6 gal/connection/day o Real Losses: 6.8 gal/connection/day 3.2 Capital Improvement Plan Status The following capital projects are currently in progress: WS-09000 – Water Tank Seismic Upgrade and Rehabilitation The seismic water system improvement project will involve an engineering assessment and seismic analysis of two 60-year-old, one-million-gallon, welded steel tanks located near the San Andreas Fault. These are the last two water storage tanks in the distribution network yet to be seismically retrofitted. The tanks also require rehabilitation and new coatings. The engineering assessment will be completed by June 2026. Staff will solicit services for engineering design, and the anticipated project construction start date for rehabilitation is January 2030. WS-16001 – WMR 30 (Water Main Replacement 30) The WMR 30 project is currently in the design phase and will replace approximately 2,000 linear feet of water main on Stanford Avenue and Channing Avenue. The anticipated project construction start date is in January 2027. WS-19001 – WMR 31 (Water Main Replacement 31) The WMR 31 project is currently in a preliminary scoping phase. The project will replace approximately 4,000 linear feet of water main. This pipe replacement project is being coordinated with the Wastewater Replacement Program. A combined water and wastewater replacement project is anticipated to start in January 2028. WS-11003 – Water Distribution System Improvements Arastradero Creek Relocation: During the 2023 winter storms, a section of Arastradero Creek eroded away and exposed a gas pipeline crossing. The gas line is in close proximity to a large diameter water pumping line. This project will relocate the water pumping line to a location out of the creek bed and eliminate the undermined creek crossing. The project is currently in design and permitting phase of the work. A preliminary design for the relocated water line has been completed. Work to relocate the pipeline is anticipated for July 2028. Water System Leak Detection: Leaks are repaired when they reach the surface, but small leaks can remain hidden. This project will use acoustical leak detection to identify and map small, unreported leaks in the distribution system. The data will guide future repairs and pipe replacement priorities. Leak detection will begin in March 2026 and finish by year end, with additional leak detection repeated in 2027 and 2028 under a 3-year contract, as needed. This approach follows state guidance. Water HDPE and Water Standard Updates: The Plastic Pipe Institute released a new technical paper for engineering and design of in-line anchor blocks for new HDPE pipe. This project will prepare new engineering calculations and standard details. HDPE is the primary pipe material for all water pipes in Palo Alto. These engineered details will be used in all water main replacement projects within the City. WS-11004 – Water System Supply Improvements Item #C     Packet Pg. 69     Staff Report: 2512-5644 – Page 19 of 53 Risk and Resilience Assessment & Emergency Response Plan: In compliance with the Safe Drinking Water Act Section 1433 and the America’s Water Infrastructure Act Section 2013 an update to the Risk and Resilience Assessment was completed in December of 2025 and certified with the U.S. EPA before the deadline. An update to the Emergency Response Plan (“ERP”) for the water utility began in January of 2026, and the new ERP will be completed by June of 2026. Water System Master Plan: The previous full system water system master plan was completed in 1999, and a Master Plan of the water distribution piping network was completed in 2015. A new Water System Master Plan will evaluate the City’s existing water distribution system, demands, and maintenance needs. The plan will develop a recommended and prioritized list of capital improvement projects. Professional engineering services to prepare the plan will be solicited by Spring of 2026. Well Improvements: Palo Alto owns eight wells. The pump at the El Camino Park Well failed and was removed, rebuilt, and returned to service. About one hundred eighty feet of column pipe was replaced with new 10-inch steel pipe, and the pump received a new power cable, new coatings, and a new intake strainer. The well casing was inspected and cleaned before reinstallation. Engineering and operations staff are planning a well site assessment for potential emergency backup power needs, with an informal review completed in Winter 2025 to identify generator locations, new power cables, and other well site improvements. Wildfire Hardening Improvements: Wildfires can contaminate potable water and damage water system infrastructure. The Office of Emergency Services, with input from water engineering staff, updated vegetation removal plans and wildfire hardening buffers around water facilities in Fire Hazard Severity Zones. Professional services will be solicited in 2026 to evaluate vulnerable facilities in these zones and recommend improvements. Appurtenances and Large Meter Replacements: Small water meters are routinely replaced and monitored for low and no flow errors. Meters three inches and larger serve critical customers and require more complex testing and replacement. Several large meters have been identified for replacement through the AMI program, which will improve accuracy and data quality for annual water audits and loss reduction efforts. A solicitation for construction services is planned for Spring 2026 and will include on call work to replace aging sampling stations and air release valves. Water Storage Improvements: The City of Palo Alto owns and maintains seven water storage reservoirs, two of which need improvement or replacement. A new PAX water tank mixer has been purchased to replace the mixer for the Montebello Tank site after the water tank mixer failed. The Boronda Tank roof has multiple indentations where water collects and ponds on the roof. Construction services will be solicited in 2026 to mitigate the roof ponding in accordance with State Water Resources Control Board requirements. Water Supply Connections: Palo Alto receives water through five connections to the San Francisco Public Utility Commission Regional Water System. Three of the connections tie into the 36-inch Palo Alto Pipeline along El Camino Real. The supply connection at California Avenue and El Camino Real was reconstructed in 2024, providing improved control of water supply pressure. Engineering and operations plan to adjust valving from the new station to serve a second pressure zone and strengthen system resiliency. This project will also add communication and control devices and pipe supports. Operations have improved water quality monitoring with new on demand chlorine analyzers installed at the supply connections. Automatic Flushing Systems: Most storage in the distribution network is reserved for emergency supply. About six and a half million gallons are stored west of El Camino Real in tanks built in the 1950s and 1960s, including a series of five tanks and pump stations from Arastradero Road to Montebello Road. Water in these tanks and in the main City reservoirs is routinely cycled into the system to maintain freshness, and staff flush low-demand areas to manage water age. Operations and engineering have identified potential sites for automatic flushing systems that can be coordinated with tank down flush cycles and seasonal water quality needs. A pilot is planned for 2026. Item #C     Packet Pg. 70     Staff Report: 2512-5644 – Page 20 of 53 WS-13002 – Water General Equipment/Tools This project will purchase multiple new tools and equipment to support operation and engineering needs. The following equipment and tools will be purchased this fiscal year. o A new tapping machine to replace an old tapping machine with a failed motor o New clamp-on flow monitoring device o New line stopping equipment and replacement components WS-80013 – Water System Customer Connections This project is a permanent, ongoing project. The project includes improvements required to provide service to new customers and customers requesting expanded service. Work includes new main extensions, valves, domestic services, meters on upgraded services, backflow devices, fire services, and fire hydrants. WS-80014 – Water Service and Hydrant Replacement This project is a permanent, ongoing project. The project replaces system control valves, deteriorated services, and replacing fire hydrants. WS-80015 – Water Meters New meters have been purchased for the AMI program, which is currently 90% complete. In 2026, staff will purchase all of the new large meters of 3” and larger, for the Appurtenance and Large Meter Replacement project work described above in the WS-11004 section. 3.3 Reliability The City of Palo Alto tracks all water service interruptions. A summary chart of these interruptions can be found below. Water service interruptions are usually due to repairs of broken or damaged water services and mains. Figure 13: Water Service Interruptions, FY 2025 to FY 2026 FY 2025 FY 2026WaterQ1Q2Q3Q4Q1Q2Q3 Q4 Number of Breaks 8 7 7 8 6 7 Combined Minutes 510 1250 795 960 1200 1295 Customers Affected 127 99 61 146 95 114 Water distribution network hydraulic capacity design includes sizing pipelines, pump stations, pressure-regulating valves, tanks and reservoirs to meet water demand and system flow needs. Fire-flow demand plus maximum day demand is an important limiting demand condition for pipe sizing and system operation. In 2025, the Fire Department and Water Transmission Operational team completed multiple large, multi-hydrant fire flow tests throughout the two largest pressure zones. The results indicated stronger than expected water system performance, and it improved coordination between the Fire Department and Water utility. The City of Palo Alto’s water system has seven emergency interties with neighboring water agencies. There are two interties with Stanford University, one intertie with the City of East Palo Alto, two interties with the City of Mountain View, and two interties with Purissima Hills Water District. The City of Palo Alto and the City of East Palo Alto maintain an emergency intertie on the University Avenue bridge over the San Francisquito Creek. The City of East Palo Alto completed the first phase of the reconstruction of the emergency intertie. The project improved reliability and flows of the emergency intertie. The General Manager of Purissima Hills Water District requested an additional emergency intertie located near Item #C     Packet Pg. 71     Staff Report: 2512-5644 – Page 21 of 53 the intersection of Page Mill and Old Page Mill Road. City of Palo Alto and Purissima Hills Water District engineering teams are analyzing benefits. 3.4 Financial Health 3.4.1 Sales Forecasts vs. Actuals Figure 14: Water Sales Volume (CCF), FY 2026 Q2 Figure 15: Water Sales Revenue ($), FY 2026 Q2 -6.1% -6.1% Item #C     Packet Pg. 72     Staff Report: 2512-5644 – Page 22 of 53 4 Wastewater Utility The Wastewater Utility includes the system of sewer pipes that collect and transport wastewater to the Regional Water Quality Control Plant (RWQCP) operated by the City of Palo Alto under a partnership agreement with several surrounding communities, as well as Palo Alto’s share of the cost of operating the RWQCP. The RWQCP provides treatment and disposal of wastewater for Palo Alto. Costs for the Wastewater Utility are split approximately half for the operation, maintenance and periodic replacement of Palo Alto’s sewer collection system and half for the costs of wastewater treatment at the RWQCP. 4.1 Wastewater Treatment Updates and Capital Planning Status The RWQCP, operated by Palo Alto's Public Works Department, provides wastewater treatment to Palo Alto, Mountain View, Stanford, Los Altos, East Palo Alto, and Los Altos Hills. The Palo Alto Wastewater Collection Utility contributes approximately 36% of the costs in FY 2025). Capital costs, driven by necessary upgrades to aging equipment and changing environmental regulations, are a major factor in cost increases. With plant equipment over 50 years old, significant rehabilitation and replacement are required to maintain safe, compliant wastewater treatment operations. 4.1.1 Treatment Cost Trends RWQCP staff project an 8% average annual increase in net treatment costs paid by Palo Alto’s Wastewater Utility from FY 2027 to FY 2031. The main drivers are capital projects, materials, and debt service (including loan repayments). Treatment capital expenses, including debt service, are expected to rise by about 18% per year on average to fund equipment replacement and major upgrades. Larger increases in capital expenses are anticipated starting in FY 2030 due to new debt for major projects. The figure below outlines Palo Alto’s share of estimated net treatment costs, including treatment operations costs, pay-as-you-go CIP expenses, existing debt service, and planned debt service payments shown in the "Planned Debt Service" bar. Item #C     Packet Pg. 73     Staff Report: 2512-5644 – Page 23 of 53 Figure 16: Palo Alto’s Share of Estimated Wastewater Treatment Expenses While operations costs make up the bulk of treatment expenses, they are growing slower than planned debt service. The largest increase in planned debt service in FY 2030 is primarily due to the debt service repayments beginning on the Secondary Treatment Upgrades, which is an estimated $193 million capital project to remove nutrients from the wastewater (denitrification) in order to meet upcoming regulatory requirements. Nutrient removal is important to reduce algae blooms that kill fish and other aquatic life. The Secondary Treatment Upgrades project will also replace critical, aging mechanical and electrical equipment. In June 2024, the Council approved a Cost-Sharing Agreement with the Santa Clara Valley Water District for the Guiding Principle 5 grant program, which funds future RWQCP11 projects. The program supports communities like Palo Alto, where taxpayers pay State Water Project property taxes but rely on non-Valley Water supplies for most of their water. Staff estimates a total of $11.2 million in grant funding for Palo Alto’s share of approved RWQCP projects, directly benefiting local customers. Four upcoming projects are eligible for this funding: Outfall Line Construction Headworks Facility Replacement 12kV Electrical Power Distribution Loop Improvements Joint Intercepting Sewer Rehabilitation In FY 2025, approximately $2.8 million in CIP expenses were reimbursed through this funding, and about $3.9 million in reimbursements are anticipated in FY 2026. 4.1.2 Regional Water Quality Control Plant Capital Planning Status The RWQCP continues to undergo significant capital improvements to address aging infrastructure, respond to evolving regulations, and meet future capacity needs. These efforts are guided by the Long-Range Facilities Plan (LRFP), which was originally adopted in 2012 and is now undergoing a comprehensive update, anticipated for completion in 2027. The RWQCP’s current capital work in-progress includes an estimated $464.2 million in projects. The following table 11 Staff Report 2404-2877, June 3, 2024 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=82864&dbid=0&repo=PaloAlto ​ 12,734 -6% 11,962 48% 17,648 -1% 17,449 2% 17,803 33% 23,691 2% 24,275 (5,000) - 5,000 10,000 15,000 20,000 25,000 30,000 2025 2026 2027 2028 2029 2030 2031 Actuals Projected Ne t E x p e n s e s ( $ 0 0 0 ) Fiscal Year Treatment O&M Pay-as-you-go CIP Expenses Existing Debt Services Planned Debt Services Total/YOY% Item #C     Packet Pg. 74     Staff Report: 2512-5644 – Page 24 of 53 summarizes these ongoing projects and provides their status and costs. Palo Alto’s share of these costs is captured in Figure 17 in the “Planned Debt Service” category. Figure 17: Current RWQCP Capital Work In-Progress (based November 4, 2025 report to Finance Committee13) Project Status Planned Expense (million $) New and Rehabilitated Outfall Pipeline Secondary Treatment Upgrades Local Advanced Water Purification System Headworks Facility Replacement Horizontal Levee Pilot Project New Laboratory and Environmental Services Building Projects in Progress 4.2 Collection System Capital Improvement Plan Status WC-15002 – Wastewater System Improvements - Sewer Master Plan Study The Master Plan Study will evaluate the City’s existing wastewater collection system, flows, and flow patterns to determine the adequacy of the system’s hydraulic capacity to meet current and anticipated future wastewater flow demands and develop a recommended prioritized Sewer Main rehabilitation plan. The project kicked off in December 2023. The project was completed in December 2025. WC-15002– Wastewater System Improvements and WC-13002 – Lodge/Foothills Lift Station Pump #1 and Pump #2 Repair 13 Staff Report 2508-5132 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83790&dbid=0&repo=PaloAlto Item #C     Packet Pg. 75     Staff Report: 2512-5644 – Page 25 of 53 The Lodge/Foothills Lift Station (LFHLS) experienced pump failure of Pump #1 and partial failure of Pump #2. Pump #1 was removed, repaired, and reinstalled. Pump #2 was removed and transported to vendor to repair. Pump #2 was repaired and installed in December 2025. WC-15002– Wastewater System Improvements – Arastradero Creek Wastewater Relocation During the 2023 winter storms, a section of Arastradero Creek eroded away and exposed a gas pipeline crossing. The gas line is in close proximity to a sanitary sewer main. This project will relocate the sanitary sewer main to a location out of the creek bed and eliminate the undermined creek crossing. The project is currently in design and permitting phase of the work. A preliminary design for the relocated sanitary sewer main has been completed. Work to relocate the pipeline is anticipated for July 2028. WC-20000 - SSR 32 (Sanitary Sewer Replacement 32) The SSR 32 project is currently in the design phase and will replace approximately 26,000 lineal feet of sewer mains, laterals, and manholes. Currently, the project is in the process of being rescoped based on the recently received Sewer Master Plan which identifies prioritized improvements based on rehabilitation and capacity issues. Design will restart in FY27 for construction in FY28. WC-26001 – 3-Year CCTV Sanitary Sewer Mainline Inspection The City is in the process of developing a Request for Proposal (RFP) for a three-year program to CCTV Sanitary Sewer Mains. The project will CCTV approximately 225,000 lineal feet of Sanitary Sewer Main over a three-year duration at an annual rate of approximately 75,000 lineal feet per year. Results of the project will be used to identify defective Sanitary Sewer Mains which will be incorporated into future SSRs to rehabilitate and replace Sanitary Sewer Mains. The project has an anticipated RFP bid date early 2026 for an anticipated start date in Summer 2026. WC-99013 – Sanitary Sewer Lateral Rehabilitation and Replacement The City is in the process of developing an IFB for a three-year program to rehabilitate or replace Sanitary Sewer Lower Laterals (Lower Laterals). City staff has identified approximately 210 Lower Laterals that will be rehabilitated or replaced over a three-year period at an annual rate of approximately 70 per year. In addition to addressing defective Lower Laterals, the project will reduce inflow and infiltration into the sanitary sewer system. Due to financial issues, the project was put on hold until October 2025, and now has an anticipated and target date for Solicitation process in February 2026. 4.3 Financial Health Below is a summary of the financial position for the wastewater utility. 4.3.1 Sales Forecasts vs. Actuals Wastewater sales revenues through Q2 FY 2026 were 3.1% above budget. Item #C     Packet Pg. 76     Staff Report: 2512-5644 – Page 26 of 53 Figure 18: Wastewater Sales Revenue ($), FY 2026 Q2 4.3.2 Financial Position At the end of FY 2025, the Wastewater Collection Utility’s Operations Reserve was $1.7 million, which is below the risk assessment level of $2.8 million. In FY 2025, the Utility received $2.7 million in Valley Water grant revenue to offset Wastewater Treatment costs, directly benefiting Palo Alto customers. The cash balance at the end of FY 2025 was approximately $0.9 million, which is lower than Staff’s projections. The Utility plans to fully repay the Fiber Utility loan15 due in FY 2026. New CIP needs have emerged, including $2.4 million from FY 2027 through FY 2029 for Arastradero Creek exposed pipe repairs and pipe relocation. These costs will be partially offset by shared grant funding across the water and gas utilities. Staff projects the Wastewater Collect Utility’s Operations Reserve will total $6.7 million at end of FY 2026. The FY 2027 preliminary wastewater rate trajectory presented at the November 5, 2025 UAC meeting16 remains unchanged from the FY 2026 Financial Forecast17 presented to Council on June 16, 2025, which assumed a 16% rate increase in FY 2027. On March 4, 202618, staff presented the Wastewater Collection Utility rate proposal to the UAC. The UAC voted 6-1 to recommend that the City Council adopt a resolution approving the 16% rate increase. Staff will present the proposed the rate changes to the Finance Committee on March 17, 2026. 15 Resolution 10173: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=62043&dbid=0&repo=PaloAlto 16 Staff Report 2503-4364: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto&searchid=ffbb0624-e25e- 413d-8cc1-ffb7fcd6db8a&cr=1 17 Attachment D, Exhibit 1 to Staff Report 2411-3776, June 16, 2025: 18 Staff Report 2512-5640: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=86546&dbid=0&repo=PaloAlto&searchid=95f2dfdc-8b45- 4b0f-b793-dc0806d033ad 3.1% Item #C     Packet Pg. 77     Staff Report: 2512-5644 – Page 27 of 53 4 Fiber Utility The City offers a "Dark" fiber service, providing a fiber connection from Palo Alto businesses to the downtown Internet Exchange. At the exchange, businesses select an internet service provider (ISP) for bandwidth and connection speed. The City is piloting Palo Alto Fiber ISP service under the fiber-to-the-premises project (FTTP) to provide residents with a fast, reliable, affordable, and local internet service. 4.1 Fiber Utility Strategic Planning Below are highlights and status updates of the Fiber-to-the-Premises (FTTP) Project: The fiber hut and emergency generator have been delivered and installed at the Colorado substation. Aerial fiber construction and installation of five fiber distribution cabinets are complete in the pilot area. City is working on vendor contracts to perform fiber drop and in-home installations 4.2 Capital Improvement Plan Status The following capital projects are currently in progress: FO-16000 – Fiber Optic System Rebuild o The new fiber backbone will be built in segments in alignment with the phased FTTP. CPAU is installing new aerial ducts or substructure (conduit and boxes) and fiber backbone cables to increase capacity in areas that are at or near capacity to meet new customer dark fiber connection requests. The initial areas of rebuild are in Stanford Research Park for capacity and along Colorado Ave to provide resiliency and redundancy for electric and fiber. FO-24000 – Fiber-to-the-Premises o The pilot area consists of approximately 800 homes which are bounded by Embarcadero Road, Louis Road, Colorado Avenue, Greer Road and West Bayshore Road. Staff anticipate launch of service in March of 2026. During the aerial construction phase, over 15 residents voluntarily expressed interest in subscribing to Palo Alto Fiber internet. 4.3 Reliability There were no unplanned fiber outages or events to report in Q2 of FY 2026. 4.4 Financial Health Below is a summary of the financial position for the fiber utility. Item #C     Packet Pg. 78     Staff Report: 2512-5644 – Page 28 of 53 5.4.1 Fiber Sales Through FY 2026 Q2, dark fiber licensing sales were $1.5M and ($0.3M) or (8%) below the revenue forecast of $1.8M. Fiber expenses were $2.7M and $0.3M or 12% above forecast of $2.4M due to construction costs and network equipment for FTTP. Three of the four positions added in FY 2024 to support FTTP are on hold, pending results of the FTTP Palo Alto Fiber pilot. Existing staff and contractors are collectively performing the work that staff in those roles would perform at this time. 5.4.2 Financial Position At the end of FY 2025, the Fiber Fund had a total reserve of $34 million which consists of $17.4 million of rate stabilization, $13.1 million of commitments and reappropriations, and $3 million loan to Wastewater Collection utility. Item #C     Packet Pg. 79     Staff Report: 2512-5644 – Page 29 of 53 5 Communications This section summarizes communications highlights, updates on major campaigns and noteworthy events. Copies of ads bill inserts, and brochures are available online at www.paloalto.gov/UTLbillinsert Customer Satisfaction Surveys: CPAU participated as a member of the California Municipal Utilities Association (CMUA) in customer satisfaction surveys for residential electric and water customers. A statewide survey of municipal and investor- owned utilities customers was completed in July 2025 and responses from Palo Alto residents in what is called an “oversample” survey were completed in November. These surveys inform us of customer perspectives on reliability, rates, customer programs, customer service, and communications. Wildfire Mitigation: The California Wildfire Safety Advisory Board (WSAB) completed its review of utilities wildfire mitigation plans and applauded Palo Alto in its public report for substantially reducing wildfire risk by undergrounding overhead utility lines in the high fire threat district, the Foothills. You may have seen the recent article in Palo Alto Online about the city’s wildfire prevention activities. The WSAB also commended the city for its contributions to an innovative gas monitoring network for early detection of wildfire. The WSAB members and staff acknowledged that this technology is not widely used by publicly owned utilities or investor-owned utilities. It was recommended that CPAU report on the status of its undergrounding project (scheduled for completion in June 2026) in the next wildfire mitigation plan, and its efforts to reduce risk from remaining infrastructure. WSAB also advised that the city report the results, benefits, and challenges of deploying gas monitoring technology to inform broader adoption decisions in the utility community. Electric Integrated Resource Plan: Every five years, CPAU submits an Electric Integrated Resource Plan (IRP) to the California Energy Commission (CEC) to demonstrate that the City is on track to meet the state’s requirements for long- term energy policy goals, greenhouse gas emissions reduction targets, and renewables portfolio standard. The CEC recently sent us a detailed report and letter from the Executive Director to verify that the 2023 IRP, which staff provided in April 2024, satisfies all requirements, including meeting the state’s mandated 60% by 2030 renewables standard. Charging Smart Gold Designation: The city received Gold level designation from Charging Smart, a program funded by the US Department of Energy and implemented by the International Renewable Energy Council, for its leadership in advancing efficient EV charging. After reviewing the city’s efforts, the program awarded Palo Alto its highest-level award for robust planning, streamlined permitting, community programs, and fleet and infrastructure investments. This recognition showcases our progress and helps us exchange best practices with other communities advancing clean mobility. NCPA Annual Conference: UAC Chair Scharff, Vice Mayor Veenker, and several CPAU staff attended NCPA’s annual conference in September, which is the largest of its kind hosted in the state, bringing together 270 attendees from the public power sector, broader electricity industry, key policy stakeholders, and vendors. Conference sessions focused on issues impacting public power utilities, such as legislation, electricity demands including the rise of AI data centers, and energy markets. The NCPA Legal Committee meeting, of which Assistant City Attorney Amy Bartell chairs, discussed the interactions between federal and state policy, specifically possibilities for federal preemption, that have become increasingly important to energy and environmental projects. In the Legislative and Regulatory Affairs Committee, we heard from two panels of experts about wildfire and power supply management. Utilities Director Alan Kurotori moderated a panel of speakers from the Western Area Power Administration (WAPA), Bureau of Reclamation, and Bonneville Power Administration, discussing federal and customer collaboration for investment in power infrastructure, energy market opportunities, and ways to ensure reliability, resiliency, and affordable power rates. Item #C     Packet Pg. 80     Staff Report: 2512-5644 – Page 30 of 53 6 Legislative, Regulatory and Industry Activity 6.1 State Legislative Activity State legislative activity was quiet in the second quarter of FY26 as the legislature was adjourned for the year. With 2026 being an election year, less major activity is expected on energy or water issues as lawmakers seek to avoid contentious issues. Despite this, energy affordability, wildfire mitigation, permitting streamlining for clean energy and transmission projects, and the potential extension of Diablo Canyon nuclear plant operations beyond 2030 are expected to be important topics. CPAU has also been working to extend the Renewable Portfolio Standard (RPS) treatment of publicly owned utility (POU) large hydropower, which was carried by AB 1273 last year but ultimately vetoed. With the help of NCPA, CPAU staff secured a commitment from the author of AB 1273, Assemblymember Joe Patterson, to carry similar legislation in 2026. CPAU staff are working toward securing co-authorship with local representatives Assemblymember Marc Berman and Senator Josh Becker and developing advocacy in support of the legislation. 6.2 State Regulatory Activity Regulatory activity at the end of 2025 included updates to water efficiency regulations, wildfire mitigation analysis, and pending updates to the Cap and Invest program. In conjunction with CMUA, CPAU staff advocated for clarifying language in the Model Water Efficient Landscaping Ordinance (MWELO) regarding non-potable water and non-functional turf. If adopted, this will prevent situations where certain customers are allowed to install non-functional turf with the understanding they can irrigate with non-potable water, only for CPAU to have to inform customers that non-potable water is not supplied at non-City properties. The California Air Resources Board (CARB) was delayed in releasing the draft regulatory language for the Cap and Invest program update, which was expected by the end of 2025. Regardless, CPAU staff are working closely with NCPA and CMUA to collect data and prepare talking points to preserve the revenue and local flexibility used for many of CPAU’s decarbonization programs. As directed by SB 254, the California Earthquake Authority (CEA) is preparing a natural catastrophe resiliency study that is analyzing options for long-term reforms that protect access to insurance, reduce litigation costs, provide fair compensation to claimants, support wildfire mitigation, and ensure large IOUs are accountable for wildfire safety while maintaining financial health to help keep electric rates low. CPAU, like all electric utilities in California, faces cost pressures and liability risks from wildfires and is interested in reforms that enhance wildfire safety, alleviate rising costs, and ensure wildfire victims are made whole. 6.3 Federal Activity CPAU continues its work with NCPA to support federal workers and investments related to the Central Valley Project (CVP). Seeking to downsize the federal workforce, the federal administration eliminated critical employees at the Bureau of Reclamation (BOR) and the Western Area Power Administration (WAPA). Especially concerning are significant reductions in dam and powerplant mechanics and other technologists instrumental for the safe and effective operations of the dams and powerplants. Through NCPA, CPAU staff and elected officials have been able to secure protections for the remaining BOR and WAPA employees and start hiring for open WAPA positions. However, the BOR has not received permission to resume hiring, leaving critical operational positions unfilled. NCPA and other utilities are exploring stop-gap measures for providing mutual aid to federal facilities, as conditions permit, to complete important projects safely and efficiently while also advocating to fill vacant BOR positions. Item #C     Packet Pg. 81     Staff Report: 2512-5644 – Page 31 of 53 Appendices Item #C     Packet Pg. 82     Staff Report: 2512-5644 – Page 32 of 53 7 Appendix A: Energy Risk Management Program This appendix provides a quarterly update on the City’s Energy Risk Management Program. 7.1 Overview of Hedging Programs The City’s Utilities Department maintains a hedging program for its Electric and Gas Utilities. In the Gas Utility, the program protects against short-term (intra-month) price spikes caused by weather or major incidents on the Western gas system. However, the City does not hedge its gas supply more than one month in advance, choosing instead to protect the Gas Utility’s financial position by passing gas supply costs through to customers via a charge that varies monthly based on gas market prices. As a result, the Gas Utility’s only market exposure is the amount by which gas demand deviates from forecasts within the month. This exposure is relatively small and can be managed using Gas Utility Operating Reserves. A risk assessment is performed each year as part of the Gas Utility financial planning process to ensure adequate reserves to cover all risks. The most recent Gas Utility Financial Forecast was adopted June 16, 2025 (Staff Report #2411-377623). The City has entered into long-term contracts for its Electric Utility to ensure that the City has carbon free electricity supplies equal to 100% of Palo Alto’s annual electric demand. However, the output from these generating sources does not match Palo Alto’s electric load in every season. In the summer, the City has a surplus of carbon free energy and it has a deficit in the winter. This exposes the City to market risk, and staff maintains a hedging program to protect against this risk. In addition, hydroelectric generators make up approximately half the City’s energy supply. During dry years, these resources do not generate as much energy, creating an additional market exposure that must be hedged. Unlike the gas hedging program, which is operated by City staff, the electric hedging program is operated by the Northern California Power Agency (NCPA), a joint powers agency the City formed in partnership with several other California publicly owned electric utilities, with oversight by City staff. 7.2 Overview of Energy Risk Management Program The hedging programs described above are conducted in accordance with the City’s Energy Risk Management Program, which includes a set of Program Policies adopted by the City Council, Guidelines adopted by the City’s Utilities Risk Oversight Coordinating Committee (UROCC), and Procedures approved by the Utilities Director. In addition, for the electric hedging program, NCPA maintains its own Risk Management Program. The City is able to provide policy level oversight of this program through its seat on the NCPA Risk Oversight Committee, which is held by the City’s Risk Manager. Per the Energy Risk Management Policies, the City Council must receive quarterly reports on the City’s forward contract purchases, market exposure, credit exposure, counterparty credit ratings, transaction compliance, and other relevant data. 7.3 Forward Deals Palo Alto executed the following Electric and Gas transaction in Q2 of FY 2026. Figure 19: Electric Resource Adequacy Deals Delivery Month Deal Type Avg RA (MW-mo) Price ($/kW-mo) Jan’27-Dec’27 Purchase 0.83 $8.25 Jan’28-Dec’28 Purchase 0.83 $8.50 Jan’27-Dec’28 Purchase 36.25 $1.87 23 Staff Report #2411-3776 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83992&dbid=0&repo=PaloAlto&searchid=72f573b6- b169-4a0e-8991-969fbd3253be Item #C     Packet Pg. 83     Staff Report: 2512-5644 – Page 33 of 53 8.4 Electric Market Exposure The chart below shows the City’s electric supply market exposure and committed purchases and sales to cover exposed positions. Additional purchases and sales will be executed for FY 2026 and FY 2027 in the coming months. Figure 20: Electric Load Resource Balance, FY 2026 – 2028 Item #C     Packet Pg. 84     Staff Report: 2512-5644 – Page 34 of 53 8 Appendix B: Staffing and Vacancies The Utilities Department has 46 vacant positions out of 269 authorized positions, or a 17% vacancy rate. CPAU attracts qualified candidates for many recruitments. However, there are often challenges related to salary, benefits, or commute at the offer stage. CPAU maintains a competitive stance by negotiating counteroffers depending on qualifications and experience. For 2026, “Government Efficiency” is identified as one of City Council’s priorities. As a result, CPAU is leveraging available and qualified internal resources between departments when opportunities or vacancies arise. The City has also instituted a citywide Hiring Review Committee to evaluate all recruitments in relation to Council priorities and community impacts which could delay future recruitments of non-safety or non-compliance positions. Figure 21: Utilities Vacancies and Recruitments by Division As of December 31, 2025 Division Authorized FTEs Vacant FTEs Active Recruitments Vacancy % Administration 15 3 2 20% Customer Service 24 2 2 8% FTTP & S/CAP 6 4 0 67% Resource Management 26 3 2 12% Electric Engineering 25 4 4 16% Electric Operations 81 19 17 23% WGW Engineering 23 4 4 17% WGW Operations 69 7 7 10% Total 269 46 38 17% Item #C     Packet Pg. 85     Staff Report: 2512-5644 – Page 35 of 53 Appendix C: Wastewater Utility Annual Infrastructure Maintenance and Replacement Report Executive Summary The City continues to keep up with daily routine maintenance Sewer Main Replacement program continues as planned Emergency Standby team continually responded to fewer calls Infrastructure Overview See attached for an overview of all assets. Key infrastructure replacement efforts in the next five years include: ●Regular main replacement ●Regular manhole rehabilitation/replacement ●Regular lateral replacement ●Routine maintenance program for main, laterals, siphons and lift station ●Routine testing/maintenance of SCADA overflow monitoring devices System Operations and Maintenance Total FTE’s working on Wastewater O&M. Main Maintenance [2.66] 44% Construction [0.34] 6% Emergency Standby [0.75] Main/Lateral Inspection [0.75] 13% Lateral Maintenance [1.50] 25% Main Maintenance Construction Emergency Standby Main/Lateral Inspection Lateral Maintenance Wastewater Operations and Maintenance (Full-Time Equivelent [FTE] and % of total) Asset Management Goals What are our goals? - Repair, rehabilitate, replace, and upgrade system components as needed -Maintain our ability to reliably deliver service to our community - Properly manage, operate and maintain the wastewater collection system -Keep costs down by maximizing asset life and controlling unplanned maintenance costs - Cost effectively minimize Inflow and Infiltration (I/I) and provide sufficient system capacity - Eliminate all preventable overflows in dry and wet weather - Maintain an effective sanitary sewer spills response that reduces overflow impact to public health & the environment - Analysis and evaluation of historical spills to provide recommendations to reduce future risk - Identify system blockages due to fats, oil and grease (FOG) and develop strategies to decrease backups - Provide regular training for City of Palo Alto Utility Staff and Contractors in wastewater collection system maintenance, operations and emergency response How do we achieve those goals? -Inspect our collection system to make sure it is flowing properly -Make necessary repairs in a timely manner -Replace assets as they reach end of life or as their condition deteriorates -Identify capacity constraints and risks to our collection system and mitigate these issues promptly through appropriate capital improvement projects -Seek ways to increase our productivity and control costs by completing our work more safely and efficiently Item #C     Packet Pg. 86     Staff Report: 2512-5644 – Page 36 of 53 ●Main Maintenance (2.66 FTE): o *Hydro-flushing: High Velocity hydroflushing/vacuum truck o *Root/Grease Treatment: Heribicides, along with grease emulsifying agents are used to control root and Fat, Oils and Grease (FOG) issues. ●Lateral Maintenance (1.50 FTE): o *SOAP / AJAC: Preventive maintenance program includes: Sewer Overflow Alternative Program (SOAP) using an electric power rodder and Advanced Jetting and Cleaning (AJAC) which uses a hydrojetting tool to clear systemic sewer blockages. ●Main / Lateral Inspections (0.75 FTE): Routine field inspections of mains, laterals, siphons, manholes and other sewer components (lift station). Process involves remote Closed-Circuit Television (CCTV) cameras and visual inspections. ●Emergency Standby Team (0.75 FTE): consist of a standby team of 3 which includes 2 installers and a heavy equipment operator. ERT receives calls 24/7 daily from Dispatch center and responds promptly to investigate and mitigate sewer issues. When team is not responding to calls, the team works on Lateral Maintenance. ●Construction (0.34 FTE): Installation of new services laterals, pipe repairs, and manhole replacements. *First priority programs critical to daily operation ●Essential maintenance programs continue as Operation’s primary routine daily task. ●Main/Lateral inspection program continues to provide Engineering Dept. with valuable pipe assessment for CIP project inclusion. ●Aging remote overflow monitoring devices have been replaced with new reliable units for accuracy and performance. Wastewater Maintenance and Construction Charts In the last 10 years, the sanitary sewer spills have noticeably decreased due to annual maintenance and biennial sewer main and lateral replacement projects. 81 121 70 64 67 3 43 55 36 25 53 23 23 23 22 11 9 15 25 123 33 21 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Spills Median Spill Volume, gallons Spills (By Year) Item #C     Packet Pg. 87     Staff Report: 2512-5644 – Page 37 of 53 28,495 44,968 37,952 50,783 49,006 57,083 27,610 33,155 30,681 44,222 45,064 21,645 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Flushing (Linear Feet)Goal (32,120) Main Maintenance (2025) 292 203 152 225 270 236 175 198 45 140 89 170 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Lateral Tags Goal (200) Lateral Maintenance Completed (2025) 3 0 2 0 5 3 2 4 4 3 6 3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Construction Tasks Completed (2025) Item #C     Packet Pg. 88     Staff Report: 2512-5644 – Page 38 of 53 Table 1: Status of Collection System Operation and Maintenance Programs System Operation or Maintenance Program Status Green = good Orange = room for improvement Comments Lateral Maintenance Daily SOAP/AJAC tags are completed year-long with help from standby ERT crew members. Annual YTD goal was not met with the crew averaging 183 tags per month. Goal is set at 200 tags/month. Main Maintenance Flushing is performed on a regular schedule throughout the year. City is keeping up with its flushing schedule. The crew fell below their goal on only four months this year. However, the City’s YTD goal of 385,440 L.F. of mains has been surpassed this year with City completing 470,664 L.F. of main flushing. Main/Lateral Inspections (CCTV) Operations typically work off a scheduled inspection; however, there are times when the crew work on a list of special request CCTV inspections that tend to postpone the current month inspections. Emergency Standby Wastewater operations maintain a 24-hour system monitoring for any emergency events. A wastewater crew has assigned to be ready for any on- call emergencies and respond promptly to mitigate any wastewater issues at any hour of the day or night. Construction (Repair main/laterals, new laterals) An Operations crew is assigned the task to perform construction work for new Development Services installations and emergency repair work for our sewer mains and lower laterals, when work is needed and not included in our Capital Improvement Projects (CIP). Asset Class Quantity Maintenance Asset Condition Manholes (active, non- private) 3702 Hydro-Vacuum manhole bases for excessive debris and visually inspecting manhole walls for I & I, report to Engineering with recommendations for future replacement. Old brick manholes are typically replaced with more reliable pre-cast concrete structures. Over time brick manholes introduce groundwater via cracks in bases or wall structures. Mains and Lateral service ~ 207 miles of mains, ~17,815 services Most mains/laterals are flushed annually, whereas some less severe areas are flushed every 36 months. For high frequency lines, flushing happens every 6 months. With routine maintenance, our mains and lateral services can be easily assessed by our Operations crew for remaining useful life of our aging sewer assets. Lift Station / Force main 1 station / ~900 Wastewater Operations perform routine operational checks of the Our lift station currently requires only minor and routine maintenance and is in good condition Item #C     Packet Pg. 89     Staff Report: 2512-5644 – Page 39 of 53 linear feet of 10-inch force main station once a month and the wet well is cleaned quarterly. Preventive maintenance for mechanical and electrical equipment is done annually by WGW Operations. The station has an audible alarm and is connected through a SCADA system to the Utilities Dispatch Center. The station serves approximately 25 homes and a portable generator is available in the event of power outages. overall. This year, the two lift station pumps have been rebuilt with all new parts, along with the purchase of a new properly sized emergency standby generator with an automatic transfer switch (ATS). New generator and ATS shall be ready for active deployment January/February 2026. Item #C     Packet Pg. 90     Staff Report: 2512-5644 – Page 40 of 53 11. Appendix D: PaloAltoGreen Gas Program In December 2020, Council adopted Resolution #993025 maintaining the Carbon Neutral Natural Gas Plan to achieve carbon neutrality for the gas supply portfolio using high-quality carbon offsets with a cost cap of $19 per ton CO2e. Offsets are purchased to neutralize emissions equal to those caused by natural gas usage in Palo Alto. Staff procured 115,000 tons of offsets during Spring 2025 to cover FY25 usage. The figure below shows the composition of offset purchases. Figure 22: Offset Portfolio Composition The following table provides a description of the projects. 25 Resolution #9930 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=61672&dbid=0&repo=PaloAlto Item #C     Packet Pg. 91     Staff Report: 2512-5644 – Page 41 of 53 Figure 23: Offset Project Descriptions Project Name Project Type Description Grotegut Dairy Livestock Grotegut Dairy is a 3,900 milk-cow operation in Newton, Wisconsin with a methane capture system. Green Trees U.S. Forest GreenTrees Advanced Carbon Restored Ecosystem is reforestation of agricultural lands into native hardwood forest in Mississippi, Louisiana, Arkansas, and Illinois San Juan Lachao Mexico Forest Protection of forests located in High Biological Value Zones which contain flora and fauna listed in the Mexican Endangered Species List and the International Union for Conservation of Nature’s Red List of Threatened Species. Project in San juan Lachao near Palo Alto's Sister City of Oaxaca. Blandin Forest U.S. Forest Blandin Native American Hardwoods Conservation and Carbon Sequestration project in Minnesota. Pocosin+ U.S. Forest These projects are all forested land that will not be disturbed by human development. Without this protection, the forests would be converted to grow wheat or corn. Forest conservation plays a vital role in protecting freshwater systems like lakes. The forests around the lakes act as natural water filters and purify the water for all who use it. The projects also support healthy populations of red wolf, bald eagle, black bear, and various bird species. Refex ODS Ozone Depleting Substance The RemTec facility in Bowling Green, Ohio uses an argon arc plasma destruction device to achieve 99.99 percent removal. The majority of refrigerants originated in California, and all were sourced within the United States. The RemTec facility uses an argon arc plasma destruction device to achieve the required destruction and removal efficiency of 99.99 percent. The majority of ODS refrigerants originated in California, and all were sourced within the United States. Methane Capture Mine Methane Capture This project is the first of its kind. Peabody Natural Gas, LLC removed methane from the North Antelope Rochelle Coal Mine before mining. The methane was compressed and transported to a natural gas pipeline and distributed to a national gas grid for use as fuel. Before implementation of the project, all the methane was vented to the atmosphere. Virginia Conservation Forestry Program U.S. Forest The Virginia Conservation Forestry Program - Clifton Farm and Rich Mountain is a 9000+ acre improved forest management project in which the timber and carbon ownership and management rights have been transferred to The Nature Conservancy's Conservation Forestry Program. The program manages for multiple goals to include: Water quality protection, habitat diversity, high value forest products, and carbon sequestration. Co-benefits: Biodiversity, Watershed Protection, Climate Resilience, and Connectivity Riverview Farm Anaerobic Digester Livestock Riverview is a carbon offset project generating emission reductions thought the capture and destruction of methane at a dairy farm in Minnesota. Under the baseline, manure managed in open lagoons led to the fugitive emission of methane to the atmosphere. In the project scenario, this methane is captured by an anaerobic digester and destroyed on site in the production of electricity. Co-benefits include job creation and the improvement of local air and water quality. Big River / Salmon Creek Forests IFM U.S. Forest The Big River and Salmon Creek Forests are located in Mendocino County, CA and cover 16,000 acres of redwood and Douglas-fir forest. This project is a conservation-based forest management project. Co-benefits include the creation of 140 jobs, protection of 37 miles of streams, and improved water quality for local fish and bird species. Hiawatha Sportsmans Club U.S. Forest Located in Michigan’s Upper Peninsula, Hiawatha Sportsmans Club (HSC) is a member-owned 35,000-acre forest and Michigan’s oldest certified Tree Farm. The property contains a variety of habitats: Lake Michigan shoreline, inland lakes, spring-fed rivers, marsh, mature conifer and hardwood forest and open fields. Supported by HSC’s sustainable forest management, these diverse habitats attract and sustain a wide variety of birds, mammals and other wildlife. Appalachian Mountain Club Maine Woods Initiative U.S. Forest Founded in 1876, the Appalachian Mountain Club (AMC) is the oldest outdoor conservation and recreation organization in the U.S. By implementing sustainable management practices like deferred harvesting, extended rotations, and the retention of standing dead wood, AMC enhances forest carbon stocks and promotes long-term ecological health. The project sequesters carbon effectively while supporting diverse wildlife habitats and protecting soil and water quality, all in alignment with Maine's best management practices. Through the Maine Woods Initiative, AMC demonstrates that conservation and economic opportunity can coexist, integrating sustainable forestry with outdoor recreation to create lasting, positive impacts for Maine's forests and communities. Alliance Dairy Livestock Founded in 1876, the Appalachian Mountain Club (AMC) is the oldest outdoor conservation and recreation organization in the U.S. By implementing sustainable management practices like deferred harvesting, extended rotations, and the retention of standing dead wood, AMC enhances forest carbon stocks and promotes long-term ecological health. The project sequesters carbon effectively while supporting diverse wildlife habitats and protecting soil and water quality, all in alignment with Maine's best management practices. Through the Maine Woods Initiative, AMC demonstrates that conservation and economic opportunity can coexist, integrating sustainable forestry with outdoor recreation to create lasting, positive impacts for Maine's forests and communities. Item #C     Packet Pg. 92     Staff Report: 2512-5644 – Page 42 of 53 9 Appendix E: Fiscal Year 2025 Demand Side Management Report 9.1 Executive Summary This Demand Side Management (DSM) Report for Fiscal Year (FY) 2025 is a public document summarizing the achievements of the City of Palo Alto Utilities’ (CPAU) customer efficiency and sustainability programs. CPAU is committed to supporting environmental sustainability through conservation of electric, gas and water resources. Additionally, CPAU promotes distributed renewable generation, building electrification, and electric vehicles using incentives and educational programs. CPAU accomplishes these goals by delivering a wide range of customer programs and services as described in this report and strives to do so while remaining in touch with customer needs. The Fiscal Year 2025 DSM Report format is designed to highlight key performance indicators in the major areas of focus for the City of Palo Alto’s sustainability efforts. FY 2025 marks the third year the DSM reports are included as an attachment to the Q2 Utilities Quarterly Update provided to the Utilities Advisory Commission in April each year. 9.1.1 Summary Goals and Achievements CPAU offers incentives and education programs for customers to encourage energy and water efficiency – Table ES.1 summarizes FY 2025 efficiency goals and achievements. The energy and water efficiency savings achieved through the City’s energy reach code and green building ordinance are included in the table. Palo Alto set its 10-year electric efficiency (EE) goals for 2022-2031 in 202127, and City Council updated EE goals for 2026- 2035 in 202528. For FY 2025, CPAU fell short of meeting its EE goal. There are multiple factors contributing to this shortfall, including a reduction in large commercial projects, increasingly stringent state energy efficiency baseline requirements, and increasing community interest in electrification projects. These factors are all indicators of a shrinking EE market, as was identified in the EE potential study used to develop CPAU’s new 10-year EE goals. Overall, annual electric efficiency savings continued trending up since the post-COVID lows, with around 500 MWh more savings in FY 2025 compared to FY 2024. FY 2026 will be an important year to see if this trend continues its upward trajectory, especially given the potential impacts of the state’s 2025 changes to lighting efficiency requirements for commercial buildings, which have historically been one of Palo Alto’s leading sources of electric efficiency savings. CPAU has previously adopted gas efficiency goals to reduce gas use; these goals ranged from 0.5% to 1.1% gas use reduction per year. These goals are no longer relevant and are superseded by the S/CAP goal for the building sector. Water efficiency goals are in transition as CPAU is evaluating future demands to determine a water use target goal based on State efficiency standards. Table ES.1: Efficiency Goals vs. Achievements Resource FY 2025 Savings Goals (% of Load) FY 2025 Savings Achieved (% of Load) FY 2025 Savings Achieved Electricity 0.60%0.20%1,847 MWh Gas N/A 0.45%106,136 Therms Water N/A 1.70%72,591 CCF 27 2022-2031 Electric Efficiency Goals: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=86755&dbid=0&repo=PaloAlto&searchid=5e037f24-6bd1-4aac-af50- b496e0de7036&cr=1 28 2026-2035 Electric Efficiency Goals: https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83450&dbid=0&repo=PaloAlto&searchid=d6299e51-ee74-4a2a-8ae2-6130cfe44f86 Item #C     Packet Pg. 93     Staff Report: 2512-5644 – Page 43 of 53 CPAU is committed by its own policies and State law to implementing all cost-effective energy and water efficiency measures (i.e. those that are less expensive than supply-side resources). Table ES.2 summarizes the cost of efficiency over the last three years compared to the projected cost of supply resources. The rolling 3-year average is a suitable metric to track the cost effectiveness of efficiency portfolios, as it accounts for yearly variations in program engagement and funding. The current 3-year average cost for the electric and water efficiency portfolios are below the cost of supply resources, demonstrating the cost effectiveness of the portfolios. The cost gap leaves room for increasing customer incentives while maintaining overall portfolio cost effectiveness. The gas efficiency portfolio’s 3-year average cost has been pushed up due to the high startup costs of the water heater electrification program in FY 2023, while the gas future supply cost estimate decreased compared to last year’s projection. As a result, the average gas savings cost per therm remains above the cost of future supply. The gas efficiency portfolio should become more cost effective on a per therm basis as electrification programs continue to expand offerings and enrollments, particularly in the nonresidential sector. Also, as electrified technology markets mature, the level of monetary support needed to incentivize adoption should decrease. Table ES.2: Actual Levelized Efficiency Costs vs. Projected Supply Costs FY 2023 Efficiency FY 2024 Efficiency FY 2025 Efficiency 3-yr Average Efficiency Future Supply Electricity $/kWh $0.13 $0.04 $0.02 $0.06 $0.13 Gas $/Therm $4.02 $1.25 $1.75 $2.34 $1.07 Water $/CCF $1.53 $2.12 $0.97 $1.54 $7.36 10.2 Electric Efficiency CPAU offers both residential and non-residential programs that target EE improvements for customers. Every year CPAU’s energy efficiency program details are published by the California Municipal Utilities Association (CMUA)31 as required by California Senate Bill 1037. Table 1 contains a high-level summary of FY 2025 electric program savings and expenditures, as well as the EE savings target. Table 1: FY 2025 Electric Efficiency Metrics Electric Efficiency MWh Reduced 1,847 $ Spent $285,950 Cost of Efficiency ($/kWh)$0.02 Total MWh Load 911,001 Savings (% of Load)0.20% Savings Goal (% of Load)0.60% 31 SB 1037 Status Reports: https://www.cmua.org/sb1037-reports Item #C     Packet Pg. 94     Staff Report: 2512-5644 – Page 44 of 53 CPAU fell short of its FY 2025 EE savings goal for a variety of reasons, the most impactful of which being the shortage of large commercial EE projects. Large commercial EE projects have historically been the backbone of CPAU’s EE savings, and many of the quick win opportunities like efficient lighting have already been completed by engaged businesses or have been made redundant by stricter state baseline requirements. Electrification has also been an increasing focus to push Palo Alto towards its sustainability goals. The FY 2025 electric efficiency savings indicate that CPAU is likely on track to achieve its FY 2026 goal of 0.24% of annual load, which was adopted based on an updated 2025 EE potential study that accounted for current energy efficiency program and market conditions. Figure 1: Cumulative Net Electric Efficiency Savings 33. Some savings will still be claimable for early replacement projects or high efficiency LED installation, but likely much less than current and historical savings levels. 33 CA AB 2208: Bill Text - AB-2208 Fluorescent lamps: sale and distribution: prohibition. 400 500 600 700 800 900 1,000 1,100 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 Th o u s a n d s M W h Impact of Energy Efficiency on Electric Sales Cumulative EE saving ending FY 2025 = 5.0% Electric Sales Electric Sales w/o EE Item #C     Packet Pg. 95     Staff Report: 2512-5644 – Page 45 of 53 Figure 2: Composition of Net Electric Efficiency Savings in FY 2025 10.3 Gas Efficiency and Electrification CPAU has previously adopted gas efficiency goals to reduce gas use; these goals ranged from 0.5% to 1.1% gas use reduction per year. These goals are no longer relevant as they are superseded by the S/CAP (Sustainability and Climate Action Plan) goal to reduce GHG emissions from the direct use of natural gas in Palo Alto’s building sector by at least 60% below 1990 levels by 2030. Rather than continuing gas efficiency rebates and services to support the installation of new gas equipment that would remain in place for the next decade or longer, CPAU replaced traditional gas efficiency rebates with technical assistance and rebates to help customers with the transition away from gas equipment. Building envelope improvements will remain a program priority to ensure comfort for building occupants and to avoid oversizing of all- electric heating, ventilation and air conditioning (HVAC) equipment. Table 2 contains a summary of FY 2025 program gas savings through electrification or efficiency projects. CPAU focused initial residential electrification efforts on water heating, but in FY 2025 expanded its rebate offerings to include residential heat pump HVAC electrification projects. CPAU is also expanding outreach and programs to facilitate nonresidential heat pump HVAC installation. The majority of other gas savings in FY 2025 came from a large industrial kitchen electrification project. In FY 2025, the cost per metric ton (MT) of GHG avoided was $330, compared to CPAU’s long term goal of spending less than $200/MT GHG avoided. The cost was high in FY 2025 due to a combination of factors including low gas reduction relative to the fixed costs of program operation for early electrification programs. CPAU anticipates that the cost per MT GHG avoided could stay above the target in the near future due to the expansion of pilot programs that are designed to Non Res Lighting 87% Non Res HVAC 10% Non Res Codes & Standards 2% Res Lighting 1% Total Electric Savings by Sector and End Use Item #C     Packet Pg. 96     Staff Report: 2512-5644 – Page 46 of 53 kickstart the electrification market in Palo Alto. Key focal points for reducing avoided GHG costs will be further tapping the commercial electrification market with potential for greater gas savings per unit, increasing electrification program participation to spread out fixed costs, and reducing incentive levels as technology markets mature. For reference, the current cost of direct air carbon capture ranges from $500-1000/MT CO235, so even these electrification programs continue to be more cost effective than the carbon sequestration alternative. Table 2: FY 2025 Gas Efficiency and Electrification Metrics Gas Efficiency and Electrification 35 Energy Solutions Intelligence, “Direct Air Capture in 2026: Cost, Scale, and Path to $200/tCO2”: https://energy-solutions.co/articles/sub/carbon- capture-direct-air-dac-cost-analysis Item #C     Packet Pg. 97     Staff Report: 2512-5644 – Page 47 of 53 Figure 3: Historical Gas Usage and Savings As illustrated in Figure 4, 40% of CPAU’s gas reductions in FY 2025 can be attributed to the electrification of residential water heaters through CPAU’s heat pump water heater programs. In FY 2025, CPAU offered boosted incentives for nonresidential HVAC electrification projects, which contributed another 40% of CPAU’s gas savings portfolio. The remaining 20% of gas reductions come mainly from a large industrial kitchen electrification project, alongside a small chunk of savings from nonresidential water heating electrification and other end uses like residential HVAC electrification. 0 50 100 150 200 250 300 350 400 0 5 10 15 20 25 30 35 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 An n u a l S a v i n g s ( T h o u s a n d T h e r m s ) Sa l e s ( M i l l i o n T h e r m s ) Sales Annual Savings Item #C     Packet Pg. 98     Staff Report: 2512-5644 – Page 48 of 53 Figure 4: Composition of Natural Gas Use Reduction in FY 2025 10.4 Water Efficiency The City partners with the Santa Clara Valley Water District (Valley Water) to provide water conservation rebate programs and resources. Valley Water administers the programs for Palo Alto customers, and CPAU provides additional funds to increase rebate amounts. CPAU markets and promotes the programs through all media channels. The State Water Resources Control Board (SWRCB) adopted regulations to implement the Water Conservation as a Way of Life legislation (AB 1668 & SB 606). CPAU is evaluating future demands to determine a water use target goal based on State efficiency standards. The standard takes into account residential indoor and outdoor use, commercial irrigation use, and water loss. Palo Alto’s S/CAP includes a goal of completing a One Water Plan to evaluate alternative water supplies and additional conservation measures to make the City’s water supply more resilient. The One Water Plan was completed and shared with Council in October 2025. CCF Water Reduced 72,591 $ Spent $70,270 Cost of Efficiency ($/CCF)$0.97 Total CCF Load 4,274,539 Savings (% of Load)1.70% Savings Goal (% of Load)N/A Non Res HVAC 40% Res Water Heating 40% Non Res Cooking 16% Non Res Water Heating 3% Other 1% Total Gas Reduction by Sector and End Use Item #C     Packet Pg. 99     Staff Report: 2512-5644 – Page 49 of 53 Figure 5 illustrates the City’s historical total water usage and savings. In FY 2025 CPAU programs yielded above average water savings and total usage was around 125,000 CCF higher than FY 2024. In FY 2025, Palo Alto’s water savings were led by the Water Efficient Technology (WET) Rebate Program, followed closely by savings from weather-based irrigation controllers. Palo Alto’s water usage is expected to continue its downward trend over the long term as the city navigates water efficiency and water waste restrictions. Figure 5: Historical Water Usage and Savings 10.5 Electric Vehicles Table 4: Electric Vehicle and Charger Metrics 0 20 40 60 80 100 120 140 160 0 1 2 3 4 5 6 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 Pr o g r a m S a v i n g s ( T h o u s a n d C C F ) Sa l e s ( M i l l i o n C C F ) Water Sales Water Savings Item #C     Packet Pg. 100     Staff Report: 2512-5644 – Page 50 of 53 The average utilization rates, total utilization, and number of installed city owned EV chargers all continued to grow in FY 2025. CPAU programs also supported installation of the largest yearly number of EV chargers to date throughout the city, providing charging access to over 500 additional multifamily units, bringing the cumulative total to 982 units. Figure 6 highlights the evolution of EV adoption in Palo Alto compared to our S/CAP transportation electrification target. 2025 annual data has been requested from the DMV and will be updated in the next DSM report. Figure 6: EV Adoption and Forecast vs. 2030 Target S/CAP 2030 Target 0 5,000 10,000 15,000 20,000 25,000 30,000 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 20 2 7 20 2 8 20 2 9 20 3 0 EV s R e g i s t e r e d Item #C     Packet Pg. 101     Staff Report: 2512-5644 – Page 51 of 53 10.6 Solar and Storage Solar-plus-storage systems generally consist of a solar array connected to a battery storage system. These systems allow solar energy to be deployed both day and night, making the electricity grid more resilient to changes in demand. Rooftop solar-plus-storage systems also provide resiliency by providing backup power during power outages or public safety power shutoff events. The City participates in Bay Area SunShares – a group-buy program that offers discounts and vetted contractors for installing rooftop solar and battery storage systems. In FY 2025, there were 3 residential solar installations and 1 storage installation completed through the SunShares program. At the end of FY 2025, PV installations in Palo Alto totaled 1,768, with 1,649 residential, 113 non-residential, and 6 Clean Local Energy Accessible Now (CLEAN) projects installed since CPAU began supporting local solar PV installations in FY 2000. These customer-side generation systems represent 20.2 megawatts (MW) of generating capacity and are not included in CPAU’s Renewable Portfolio Standard (RPS) supply requirements. In FY 2025, CPAU customers installed 198 new solar systems (193 residential and 5 non-residential) with a total 1.6 MW of additional capacity. It is important to note that CPAU is currently undergoing a transition in tracking, recording, and verifying solar and storage data. As a result, some of the data in this FY 2025 report may not align exactly with previous years. Figure 7: Photovoltaic (PV) Cumulative Installations 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 In s t a l l a t i o n s Cumulative Solar Installations CLEAN Non Res Res Sector FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Res 859 941 1,029 1,092 1,149 1,160 1,167 1,271 1,456 1,649 Non Res 58 71 84 96 97 98 99 102 108 113 CLEAN 0 0 5 5 6 6 6 6 6 6 Total 917 1,012 1,118 1,193 1,252 1,264 1,272 1,379 1,570 1,768 Item #C     Packet Pg. 102     Staff Report: 2512-5644 – Page 52 of 53 Figure 8: PV Cumulative System Capacity (kW) As of the end of FY 2025, there were 194 battery storage installations with a total estimated capacity of 1.8 MW, all of which were in the residential sector. In FY 2025, CPAU customers installed 57 new storage systems with an estimated 431 kW of additional capacity. 0 5,000 10,000 15,000 20,000 25,000 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Ca p a c i t y ( k W ) Cumulative System Capacity (kW) CLEAN Non Res Res Sector FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Res 3,623 4,029 4,510 4,881 5,208 5,301 5,354 6,073 7,556 8,914 Non Res 4,313 4,976 6,701 7,815 7,834 7,870 7,876 7,956 8,254 8,457 CLEAN 0 0 1,588 1,588 2,841 2,841 2,841 2,841 2,841 2,841 Total 7,936 9,005 12,799 14,284 15,883 16,012 16,072 16,871 18,651 20,212 0 20 40 60 80 100 120 140 160 180 200 FY 2016 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 In s t a l l a t i o n s Cumulative Battery Storage Installations Res Sector FY 2016 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Res 4 7 9 15 37 76 104 137 194 Item #C     Packet Pg. 103     Staff Report: 2512-5644 – Page 53 of 53 Approved By: Alan Kurotori, Director of Utilities Staff: Tim Denterlein, Resource Planner 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 FY 2016 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Ca p a c i t y ( k W ) Cumulative System Capacity Res Sector FY 2016 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Res 47 70 85 136 321 765 1,046 1,362 1,793 Item #C     Packet Pg. 104     Utilities Advisory Commission Staff Report From: Alan Kurotori, Director Utilities Lead Department: Utilities Meeting Date: March 31, 2026 Report #:2603-6142 TITLE Approval of the Minutes of the Utilities Advisory Commission Meeting Held on March 4, 2026 RECOMMENDATION Staff recommends that the Utility Advisory Commission review and approve the March 4, 2026 minutes. Commissioner ______ moved to approve the draft minutes of the March 4, 2026 meeting as submitted/amended. Commissioner ____ seconded the motion ATTACHMENTS Attachment A: March 4, 2026 Draft Minutes AUTHOR/TITLE: Alan Kurotori, Director of Utilities Staff: Rachael Romero, Program Assistant I Item #1     Packet Pg. 105     Utilities Advisory Commission Minutes – March 4, 2026 Page 1 of 12 UTILITIES ADVISORY COMMISSION MEETING MINUTES OF MARCH 4, 2026 REGULAR MEETING CALL TO ORDER Chair Scharff called the meeting of the Utilities Advisory Commission (UAC) to order at 6:00 p.m. Present: Chair Scharff, Vice Chair Mauter, Commissioners Croft, Gupta, Metz, Phillips, and Tucher Absent: None AGENDA REVIEW AND REVISIONS None. ORAL COMMUNICATIONS 1. Kanami T. expressed that she was pleased with the work that UAC is doing and expressed excitement for the Induction Water Program and Rebate Program. 2. Sven T. asked the Commission to recommend that the Utility Department focus on the health effects of natural gas stoves. 3. Dave W. suggested that when the UAC selects the new Chair, they ask candidates about their plans to improve the commission’s effectiveness. 4. Prisha agreed with the other public commenters. APPROVAL OF THE MINUTES ITEM 1: ACTION: Re-Approval of the Minutes of the Utilities Advisory Commission Meeting Held on December 3, 2025 ITEM 2: ACTION: Approval of the Minutes of the Utilities Advisory Commission Meeting Held on February 4, 2026 Item #1     Packet Pg. 106     Utilities Advisory Commission Minutes – March 4, 2026 Page 2 of 12 MOTION: Commissioner Croft moved, seconded by Commissioner Phillips, to approve the minutes of the December 3, 2025 meeting and February 4, 2026 meeting. MOTION PASSED: 7-0 UNFINISHED BUSINESS UTILITIES DIRECTOR REPORT Alan Kurotori, Utilities Director, reported City Council approved the Fiscal Year 2026 UAC Work Plan. Council approved contracts for procuring equipment for upgrades of the Maybell electric substation and professional services for a new three-year water leak detection survey in February. City Council approved the Sustainability and Climate Action Work Plan on Monday, heard from Terry Crowley, Chief Operating Officer, on the Reliability and Resiliency Plan, and received feedback from City Council. Director Kurotori acknowledged Councilmember Lauing for suggesting having a UAC commissioner present at the Council meeting and Commissioner Croft for attending the meeting. The City has rolled out a full-service single-family residential home heat pump/water heater program and expansion for a turnkey home electrification program. On February 26, the City began offering a fixed price appliance and expert assistance for electrifying homes including space heating, water heating, cooking, clothes drying, and energy efficiency improvements. Residents will be able to take advantage of existing rebates, technical assistance, and can sign up for the Go Green financing program. There is interest in looking at data centers. Staff will share some of the scenario analysis that was performed by the consultants and bring it back to the full UAC for discussion. The department participated in the city’s Discover Your Career Path fair for youth that was held February 28. NEW BUSINESS ITEM 3: ACTION: The Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Fiscal Year 2027 Water Utility Financial Forecast and Reserve Transfers, and Amending Rate Schedules W-1 (General Residential Water Service), W-2 (Water Service From Fire Hydrants), W-3 (Fire Service Connections), W-4 (Residential Master-Metered and General Non-Residential Water Service), and W-7 (Non-Residential Irrigation Water Service). CEQA Status: Not a project. Adriana Artola, Senior Resources Planner, provided a slide presentation including water rate projection FY 2027, FY 2027 proposed budget reductions, water bill comparisons, FY 2027 rate increase drivers, water cost and revenue projections, water operations reserve projections, water CIP reserve projections, water reserve projections, cash on hand and credit ratings, water conservation programs and ways to save, communication and outreach, and Staff recommendations. Item #1     Packet Pg. 107     Utilities Advisory Commission Minutes – March 4, 2026 Page 3 of 12 Public Comment 1. Peter D. showed slides depicting the historic and projected wholesale rates, comparison of water demand scenarios, baseline demand projections, residential per capita, and expected population increase. 2. Dave W. discussed advancing Palo Alto's water priorities by playing a leadership role within BAWSCA; supporting Councilmember Stone; exploring alignment between Staff, UAC, and City Council; the importance of having the Urban Water Management Plan project a declining balance; and following up on the questions Councilmember Stone asked of the San Francisco Public Utilities Commission (SFPUC). Commissioner Tucher asked about the 6.9 percent mentioned by Mr. Warner. Senior Resources Planner Artola replied there was a drought the same time rate increases were implemented that affected revenues. The 6.9 percent number is accurate. Commissioner Gupta wanted to vote no or continue the item until May because of the commodity rate trajectory underlying the forecast. The plan does not account for the structural changes happening across the regional water system. Concern was expressed about the SFPUC not answering the questions posed in Councilmember Stone's letter. It was suggested that Council not act on rates until June. A study session should be held in April or May where SFPUC and BAWSCA come before the Committee and give an honest picture of where wholesale rates are heading. Lisa Bilir, Assistant Director, clarified when water rates are presented, the full impact is shown on the customer's bill. It is 10 percent when combining the SFPUC increase with the distribution increase. Council is being asked for a change in the distribution rate because it passes through the SFPUC rate increase to customers. Vice Chair Mauter asked if that is equivalent to the gas commodity charge. Assistant Director Bilir replied it is a different process but it is similar to the gas commodity charge passed through to consumers. Chair Scharff inquired why 15.9 is the rate being moved to but 14 is the reserve amount. Senior Resources Planner Artola stated it is hard to get the reserve amount right at the reserve target while maintaining a smooth rate trajectory. In fiscal year 2028, the reserve balance goes back down. There is a fluctuation in the balance that has to do with smoothing rate increases and changes in spending year to year. Chair Scharff observed 4.2 percent is restoring operating reserves. A lower rate increase could be utilized if there is desire to restore less reserves. Commissioner Phillips asked for clarification about a transfer of 5.5 million from the operating reserves to CIP. Senior Resources Planner Artola responded for fiscal 2027, CIP and operating expenses came down. This allowed an opportunity to add to reserves. Maintaining a 10 percent rate increase for fiscal 2027 allows for a smoother rate trajectory in the future years. If the rate increase is lowered in fiscal 2027, that could require a higher rate increase in later years to Item #1     Packet Pg. 108     Utilities Advisory Commission Minutes – March 4, 2026 Page 4 of 12 recover revenue when spending more on CIP. A rate increase is being deferred and starting off with a lower based period in the following year. The focus is on 2027. The recommendation is to approve the financial plan. Rates are updated yearly. If the water fund outperforms fiscal 27 resulting in higher reserves, the rate trajectory can be adjusted more. Chair Scharff asked what information has been provided on the CIP that shows a need for that. Senior Resources Planner Artola provided a slide detailing projects. Director Kurotori agreed there is some uncertainty but efforts are being put into what the costs would be including capital cost. Commissioner Phillips asked for clarification on the amounts shown on the slide. Senior Resources Planner Artola said the first line is the design cost for the seismic improvements to the reservoirs. Director Kurotori added it is the money intended for the engineering assessment. The water utility's last master plan is more than 20 years old so an evaluation of the system is due in terms of its hydraulic capacity and needs and helps better define some of the capital projects. Chair Scharff inquired what difference it will make if that plan is not done and if it is worth the money. Director Kurotori stated it is also updating the hydraulic model. It is a tool that will ensure development is paying their share for the connection to the system. Chair Scharff queried what is being done at Arastradero Creek. Director Kurotori answered after the floods and storm events in the foothills, some pipelines were undermined. This is the mitigation to do full replacement and restoration. Vice Chair Mauter asked about project 30. Director Kurotori replied those are the watermain replacement programs. Vice Chair Mauter wanted to understand the origins of the variance on slide four. Senior Resources Planner Artola replied it could be related to the age of the system, the infrastructure needs, and what the capital plans look like. Vice Chair Mauter requested a benchmark for the inflation in routine services associated with the water utility to benchmark the efficiency of operations versus the cost of required outside contracted services. Assistant Director Bilir provided slide 26 outlining the consumer price index of urban consumers. Vice Chair Mauter asked if there is a handle on what the nonrevenue water is and the degree to which that is driving costs. Senior Resources Planner Artola provided a slide on real water loss. Real water loss was 1.8 percent for 2024. That was about $500,000 that was not passed through to customers. Vice Chair Mauter stated a cost-of-service study is overdue and encouraged honing in on the cost of service to different pressure zones across the service area. Vice Chair Mauter wanted to make sure Palo Alto is prepared for the set of legal rulings that surround Prop 218's challenge to tiered rates and an analysis of what would happen if tiered rates became illegal. There is a need to be clear about what the operational and capital reserves are intended to do. Commissioner Tucher asked what an operational reserve is and why they should be separate. Item #1     Packet Pg. 109     Utilities Advisory Commission Minutes – March 4, 2026 Page 5 of 12 Commissioner Phillips stated the commissioners are asking for an understanding of the reserve policy across the utilities. Chair Scharff wanted to understand the necessity of the CIP stuff. Director Kurotori mentioned pay-as-you-go has been looked at for capital projects. There was a study about looking at the need for tank replacement. Part of the master plan is looking for total storage. Vice Chair Mauter stated more information would be helpful for these kinds of documents. Director Kurotori mentioned the UAC had a subcommittee look at water and electric rates. The water utility reserve management practices are embedded into the packet and talks about the reserves and the policies associated with that. The City is looking at the reserve policies citywide. That report is coming some time this year. Some of the bonds are finishing up and that is reflected in the rates. It is standard practice to bond on the value and benefits and certainty of the utility receiving the bond. Commissioner Metz wanted discussion about the increase in distribution costs on slide six. Senior Resources Planner Artola replied the distribution rate increases are to fund the City's water utility. The rate increases reflect the rate drivers. The budget includes ways to reduce the operating expenses. It is an ongoing process. Assistant Director Bilir added the distribution rate trajectory on table one pay for all of the CIP. The distribution rate in table one is not separated into capital and operating. The reserve transfer is a one-time event. The Commission can recommend a different or no transfer. The distribution costs will remain the same. The distribution rate pays for distribution operation costs and distribution capital costs. Commissioner Metz wanted to understand the rate increases indicated on table one after 2027. Commissioner Tucher opposed the wholesale rate increase and wanted the Staff's understanding of how SFPUC works. Assistant Director Bilir stated there is a contract with SFPUC that requires them to provide 30 days of notice of their rate increase. The rate increase hearing is typically done in May. In December or January, a courtesy estimated range for the rate increase is provided. This year, the letter indicated the range was between 6 and 9 percent. In February, there is a wholesale customer meeting to provide an updated estimate. BAWSCA does a full audit of the revenue requirement costs every year. The rate increase is driven by the demand regionally. There is a balancing account that tracks any over or under recovery of funds from wholesale customers. That account has been drawn down throughout the drought. Money is owed to that account adding to the rate increase. Commissioner Phillips suggested focusing on the issues about next year and the way the costs are being structured and separate things that can be done to nudge SFPUC in the future. Chair Scharff agreed. The pass-through will have to be done. Commissioner Tucher stated voting yes to the 10 percent sends an advisory message to Council. Voting no sends a different message. Chair Scharff wanted to understand the 10 percent increase. Assistant Director Bilir explained it is on all the services. The distribution rate is a 12 percent increase on all the distribution rates combined with the pass-through change to the commodity rate which is 7.4 percent. The Item #1     Packet Pg. 110     Utilities Advisory Commission Minutes – March 4, 2026 Page 6 of 12 combined impact on a median residential bill is 10 percent. Depending on the amount of water used and different features, it can vary. Commissioner Croft indicated the Finance subcommittee discussed the CIP budget, places the utilities worked to save money on operations, and the surprise in the SFPUC rate. The commissioner had issues with the large distribution cost increase for 2027 but would vote yes. There are issues with SFPUC visibility. Chair Scharff wanted opinions on having Staff come back with a study session about the rate drivers, financial forecast, what the reserves look like, and the CIP. Vice Chair Mauter thought a detailed discussion could be held after the master plan and cost of service study had been finished. Director Kurotori advised the master plans look at the entire system. They provide a CIP recommendation over a 5 to 10-year timeline. There is a plan to look at the age and size of the system and water main replacements that are still needed. Director Kurotori suggested completion of the engineering evaluation and recommendations for the repair, replacement, and seismic retrofit of those two tanks would help inform those discussions. Vice Chair Mauter stated coming back and seeing a finished master plan would be an opportunity to have a cost savings discussion. The vice chair also wanted to see a complementary cost of service study to provide an understanding of how to fairly allocate the costs of providing water to the City's residents. Commissioner Phillips expressed concern about what is driving the reserves. Director Kurotori stated those covenants talk about multiple utilities. Staff is looking at the potential to save money by refinancing those bonds. They might bring something back to see if there can be additional cost savings. Vice Chair Mauter summarized stating a detailed look at operational costs is needed going forward. The Commission and city staff were not prepared to have that conversation due to a lack of information around a master plan. The vice chair wanted to approve this year's cost increases in terms of distribution rates and table the out-year projections for when a legitimate conversation could be held. That should be agendized on the 12-month calendar. Commissioner Croft wanted to assign someone to go to the Finance Committee meeting when these rate proposals will be presented. Commissioner Phillips agreed to go. Vice Chair Mauter stated it is important to make sure the emergency preparedness factor is well addressed when having discussions about reserves and wanted policy around reserves and discussion of the quantity of reserves. MOTION: Chair Scharff moved, seconded by Commissioner Gupta, to recommend that the City Council Item #1     Packet Pg. 111     Utilities Advisory Commission Minutes – March 4, 2026 Page 7 of 12 1. Not Approve the Fiscal Year 2027 Water Utility Five-Year Financial Forecast shown in this staff report and attachments. MOTION PASSED: 7-0 MOTION: Vice Chair Mauter moved, seconded by Commissioner Phillips, to recommend that the City Council 2. Approve a reserve transfer of up to $5,500,000 from the Operations Reserve to the CIP Reserve in FY 2026. MOTION PASSED: 5-2 Tucher, Gupta no MOTION: Commissioner Phillips moved, seconded by Vice Chair Mauter, to recommend that the City Council adopt a resolution to 3. Increase Water Utility Rates for FY 2027 by 8 percent to reflect increases effective July 1, 2026 (FY 2027): by reducing the amount going to the operation reserves by approximately 1.2 million from the proposed amount a. W-1 (General Residential Water service) b. W-2 (Water Service from Fire Hydrants) c. W-3 (Fire Service Connections) d. W-4 (Residential Master-Metered and General Non-Residential Water Service), and e. W-7 (Non-Residential Irrigation Water Service) MOTION PASSED: 5-2 Tucher, Gupta no ITEM 4: ACTION: The Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Fiscal Year 2027 Wastewater Collection Utility Financial Forecast, and Amending Rate Schedules S-1 (Residential Wastewater Collection and Disposal), S-2 (Commercial Wastewater Collection and Disposal), S-6 (Restaurant Wastewater Collection and Disposal), and S-7 (Commercial Wastewater Collection and Disposal – Industrial Discharger); CEQA Status: Not a project under CEQA Guidelines Section 15378(b)(5) Eric Wong, Resource Planner, provided a slide presentation including wastewater collection rate projections, FY 2027 proposed budget deductions (wastewater), wastewater bill comparisons, FY 2027 rate increase drivers, wastewater cost and revenue projections, wastewater operations reserve projections, wastewater CIP reserve projections, communications and outreach, and Staff recommendations. Item #1     Packet Pg. 112     Utilities Advisory Commission Minutes – March 4, 2026 Page 8 of 12 Commissioner Gupta asked about the independent contributions of each category to the cost projection. Resource Planner Wong presented a slide that explained the drivers contributing to the increase in the forecast. Aaron Gilbert, Palo Alto Regional Water Quality Control Plant Manager, explained that the major drivers are aging infrastructure and construction for nutrient removal that has been mandated by the state. Increasing projects and staff increases also contribute. Commissioner Gupta inquired what percentage included aging infrastructure and construction. Resource Planner Wong will get that information. Commissioner Croft queried about the criticality of capacity fees. Resource Planner Wong replied the budget has an anticipated $9.4 million capacity fee related to new developments, mostly multifamily. Staff is conservatively projecting only 80 percent of that and splitting it over a 5-year period starting in 2028. As those funds come in, revenue adjustments will be done. Commissioner Croft asked what the risk is. Resource Planner Wong stated $1.5 million per year of revenue is projected from capacity fees spread over 5 years due to uncertainty of the timing of the project. Commissioner Croft had questions about the timeline of the projects. Assistant Director Bilir responded that information is included in the quarterly report. Gilbert added they are in the middle of the secondary treatment upgrade. It is a $192 million project that is split between the 6 partner agencies for cost. It should be fully up and running in 2029. A $16 million project called the primary treatment upgrade was completed last year. A $12 million project has just been signed for. The first phase of the 12kV program upgrade was completed last year. The Headworks program is in the design process. A $60 million advanced water purification station is in the beginning stages of construction, mostly paid for by Valley Water and Mountain View. Commissioner Croft asked if they are working on projects they are servicing the debt on. Gilbert replied that some of the smaller projects have been able to utilize minor CIP. There was one loan for the primary sedimentation tank. There was a State Revolving Fund (SRF) loan for the $192 million project for the Secondary Treatment Upgrade (STU). They will not have to start paying that back until the project is completed in 2029. Assistant Director Bilir provided a slide with more details. Commissioner Croft asked if they already have the money they will start paying in 2030. Assistant Director Bilir's understanding was that the loan is at a very good interest rate. When receipts are submitted, the state reimburses the funds. Vice Chair Mauter asked what the rate is on the SRF loans. Gilbert answered the one for the STU is 0.8 percent. Commissioner Phillips observed the rates are charged by connection for residential but volumetric for commercial and restaurant. Resource Planner Wong said the prior year's winter average is used for commercial. Restaurant is monthly based on their volumes. Commissioner Phillips inquired if a cost of services analysis has been done. Assistant Director Bilir responded the latest cost of service study was in 2021. That can be looked at when returning to wastewater for cost of service. Director Kurotori added there is a connection and capacity fee. The residents are not paid a volumetric charge. It will be reassessed in terms of the loadings and estimates of the flows when the cost of service study is done. Commissioner Phillips asked Item #1     Packet Pg. 113     Utilities Advisory Commission Minutes – March 4, 2026 Page 9 of 12 if flows have been increasing or decreasing over time. Gilbert replied it is down compared to 15 years ago. It is up from COVID. Commissioner Phillips asked about the processing charge. Gilbert answered one part is the cost share which is the capital. There is also the flow and loading based. That fluctuates each year. Commissioner Croft wondered if there are reasons to try to manage stormwater better. Gilbert stated flows are normally about 18 million gallons per day and can jump to 40 million gallons per day after a storm. Most cities have influx and infiltration (I&I) that increases the total flow volume over the year. Commissioner Croft wondered if that has ever been a City initiative. Director Kurotori explained the inflow and infiltration during high wet weather goes into the sanitary sewer system. There is a separate storm drain system that collects rainwater that goes into the gutters and goes into the creeks and bay. There could be connections where a resident may have connected into the sewer from the storm. It can come from events where there is flooding. People could be popping manholes to get rid of the flow creating a surge into the sanitary sewer system. It could happen as inflow into the pipeline. Sewer condition assessments are done. The City has switched to high-density polyethylene pipe so there is less I&I. It is still an issue for sewer and storm drain systems in general when there is high groundwater. Nuisance groundwater levels can impact the I&I going into the sewer system. There is value in tightening up the pipes and system. Gilbert added it is not part of their scope to track who has I&I. Director Kurotori said part of the I&I is the nuisance groundwater levels. Some pipes close to the bay can get saltwater intrusion affecting the salinity. Gilbert said there is a significant difference between the wet and dry seasons. Better managing the stormwater would help the Operations and Maintenance (O&M) treatment process during the year and lower the O&M cost. Commissioner Croft asked if the change of material on the pipes will lower this over time. Director Kurotori explained the pipeline rehab could be full replacement with high-density polyethylene pipe or a slip lining in areas with cracks or breaks. That is part of the condition assessment. Commissioner Croft asked about draining swimming pools. Director Kurotori stated swimming pools should be drained into the sanitary sewer. Commissioner Tucher inquired if Palo Alto is the lowest monthly residential wastewater city district as indicated on slide four. Director Kurotori stated compared only to the agencies on that slide. Commissioner Tucher found the analysis of FY25 confusing. Assistant Director Bilir stated there is a misplaced comma and it should not say approximately 1.9 million. It will be reworded. Commissioner Tucher did not see the point in discussing FY25 and urged improving the write-up. The commissioner had questions about the master plan. Gilbert said the treatment plant is currently going through an updated master plan. One was done in 2012 and Headworks is the last project being finished from that. An updated long-range facility plan is currently being done. Director Kurotori stated there was in update to the sewer master plan in November tying into flow metering into the system and updating the sanitary sewer hydraulic model. That information will be integrated into the system. The master plan will have recommendations for CapEx, capital projects, and tie into areas looking at capacity. That has to be prioritized in terms of what areas have capacity limitations, wet weather flows, and pipe condition assessments. Item #1     Packet Pg. 114     Utilities Advisory Commission Minutes – March 4, 2026 Page 10 of 12 Chair Scharff asked what percentage of costs are caused by regulation increases and having to rebuild the water treatment plant. Gilbert will get the information. The secondary treatment project is based because of biological nutrient removal necessities. That process is the reason for the STU upgrade. That project is $192 million divided by the capital capacity for each agency and is driven by the regulations. Assistant Director Bilir presented slide six to break down the rate increase drivers. Gilbert indicated aging infrastructure as one of the biggest drivers. Chair Scharff observed a $30 increase before 2029 with 6 percent. Assistant Director Bilir confirmed that to be right. Chair Scharff asked about the confidence of not going into double digit increase. Assistant Director Bilir stated attempts to identify uncertainties that would go into the forecast are being made. Vice Chair Mauter indicated a need to establish a stronger line of communication between the UAC and Public Works. There could be a committee to focus on what is happening at the wastewater facility and ensuring the impact the operational changes and capital upgrades are going to have on rates are well understood by the Committee. Director Kurotori replied the UAC looks at all the rates for the utilities. The wastewater treatment plant is a component but is not under the scope of the UAC. It is under the purview of the Public Works Department. Gilbert explained there are six partner agencies each with a fixed share capacity. Mountain View and Palo Alto are the two largest. When it was created in 1968, it was decided that Palo Alto would be in charge of the facility. Kiely Nose, Assistant City Manager, explained this falls under the Public Works Department which falls under the city manager's authority. There is no specific commission, committee, or board associated with it. The work associated with it goes through the appropriate Council committee, whether it be Policy and Services or Finance Committee, and then to the full Council. There is a non-governance structure that happens before those two which is coordinating with all the partners. They have partner meetings on a routinized basis. Vice Chair Mauter asked about efficiency for electrical usage and storage. Gilbert stated work is being done on an energy evaluation at the plant. Vice Chair Mauter asked for clarification that the current upgrades will fully cover the 2035 and going forward regulations. Gilbert confirmed they will and there will be the capacity to intensify the process if necessary. Vice Chair Mauter wanted to know if there are discussions about Palo Alto participating in nutrient markets or engaging in bilateral trade agreements with other cities to help offset the capital costs. Gilbert answered there are not active talks but people are starting to talk. MOTION: Vice Chair Mauter moved, seconded by Commissioner Croft, to recommend that the City Council adopt a resolution (Attachment A): Item #1     Packet Pg. 115     Utilities Advisory Commission Minutes – March 4, 2026 Page 11 of 12 1. Approving the Fiscal Year 2027 Wastewater Collection Utility Financial Forecast shown in this staff report and attachments; and 2. Amending Rate Schedules (Attachment A, Exhibit 1) effective July 1, 2026 (FY 2027): a. S-1 (Residential Wastewater Collection and Disposal) b. S-2 (Commercial Wastewater Collection and Disposal) c. S-6 (Restaurant Wastewater Collection and Disposal); and d. S-7 (Commercial Wastewater Collection and Disposal – Industrial Discharger) MOTION PASSED: 6-1 Gupta no FUTURE TOPICS FOR UPCOMING MEETINGS Director Kurotori pointed out adjustments to the 12-month rolling calendar. The election of UAC chair and vice chair will be pushed to May. The Urban Water Management Plan will be discussed in May with the intent to bring to full Council in June. Commissioner Gupta asked if there is an option to push the UAC work plan back to let the current work plan work itself out. Director Kurotori stated it will be the new process for the annual work plan. The earliest time frame is the month after the chair is seated. It is possible to push it further out if the Commission wants to. Commissioner Tucher asked for comments on how the Council discussion went on the work plan. Director Kurotori said there were three work plans from Community Development with lengthy discussions. Director Kurotori indicated Councilmember Burt had comments on the Reliability and Resiliency Plan that went to Council on Monday. Commissioner Metz thought it would be important to address data centers as part of the grid mod project updates scheduled for July. Director Kurotori said that would be brought back to the Affordability subcommittee to look at electric rates and that will be reported out at the next meeting. Commissioner Metz talked about the importance of having a strategic discussion of the gas transition study. Director Kurotori indicated that may be something to put into the work plan. The Sustainability and Climate Action Committee is also looking at the gas utility in terms of potential carbon tax. Part of the gas transition plan is updating the modeling associated with that and is a work in progress. Commissioner Phillips wanted a report on the FTTP pilot report. Director Kurotori would reframe it as information on the costs and a pickup of customers. A more definitive plan will be brought back. Commissioner Tucher stated it would be good to hit the high points about what was about wastewater when the plan is finished in the Director's Report. Director Kurotori agreed. Item #1     Packet Pg. 116     Utilities Advisory Commission Minutes – March 4, 2026 Page 12 of 12 Commissioner Croft wanted a time of use update in the Director's Report and asked if the discussion of long-term electricity outage plan would be brought back. Director Kurotori indicated a time of use report will be brought back as an action item. Commissioner Gupta observed it will be helpful to have a discussion on what is advertised in the bill inserts and gas safety pamphlet in terms of stovetops when gas is discussed again. Director Kurotori said Council took an action in terms of the Climate Action Plan and would like to include some of that information. COMMISSIONER COMMENTS AND REPORTS FROM MEETINGS/EVENTS Commissioner Metz appreciated the informational report on residential electric and water customer satisfaction surveys. The commissioner observed there has been no action since 2018 regarding the informational report on sampling of water microplastics and asked if something should be done about that. Director Kurotori will provide that as an update to the work plan. ADJOURNMENT Adjournment: The meeting was adjourned at 10:05 p.m. Item #1     Packet Pg. 117     Item No. 3 Page 1 of 30 Utilities Advisory Commission Staff Report From: Alan Kurotori, Director Utilities Lead Department: Utilities Meeting Date: March 31, 2026 Report #: 2511-5447 TITLE Staff Recommends the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the FY 2027 Electric Financial Forecast, Approving a Reserve Transfer, and Amending Electric Rate Schedules E-1 (Residential Electric Service), E-1 TOU (Residential Time of Use Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non- Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E-7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Time of Use Electric Service), E-14 (Street Lights), E-EEC-1 (Export Electricity Compensation), and E-NSE-1 (Net Metering Net Surplus Electricity Compensation); CEQA Status: Not a project. RECOMMENDATION Staff recommends the Utilities Advisory Commission recommend that the City Council adopt a Resolution (Attachment A): 1. Approving the Fiscal Year 2027 Electric Utility Financial Forecast shown in this staff report and attachments,; and 2. Approving the transfer at the end of FY 2026 of up to $5 million from the Electric Utility Distribution Operations Reserve to the Electric Utility Capital Reserve; and Amending Electric Rate Schedules (Attachment A, Exhibit 1) effective July 1, 2026 (FY 2027): a. E-1 (Residential Electric Service) b. E-1 TOU (Residential Time of Use Electric Service) c. E-2 (Residential Master-Metered and Small Non-Residential Electric Service) d. E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service e. E-4 (Medium Non-Residential Electric Service) f. E-4-G (Medium Non-Residential Green Power Electric Service) g. E-4 TOU (Medium Non-Residential Time of Use Electric Service) h. E-7 (Large Non-Residential Electric Service) Item #3     Packet Pg. 118     Item No. 3 Page 2 of 30 i. E-7-G (Large Non-Residential Green Power Electric Service) j. E-7 TOU (Large Non-Residential Time of Use Electric Service) k. E-14 (Street Lights) l. E-EEC-1 (Export Electricity Compensation) to reflect forecasted avoided cost for FY 2027, and m. E-NSE-1 (Net Metering Net Surplus Electricity Compensation) to reflect avoided cost for CY 2025. EXECUTIVE SUMMARY This staff report provides the Utilities Advisory Commission with a financial forecast for the Electric Utility and provides an overview of the utility’s operations costs, capital costs, and debt and includes recommended rate adjustments required to maintain the utility’s financial health. This work is done annually as part of the budget and rate-setting cycle. Attachment A contains a draft Council Resolution. Attachment A, Exhibit 1 contains a redline of the proposed changes to the Electric Utility rate schedules. Attachment A, Exhibit 2 contains a summary of the financial details and CIP budgets underlying the forecast. Attachment A, Exhibit 3 contains redlined Electric Utility Reserves Management Practices describing the reserves and showing non- substantive revisions to align with the state’s retitled “Cap and Invest” Program. Attachment B contains a summary of the Electric Utility communications strategy and samples. The Electric Utility rate forecast proposes a 6% rate increase for FY 2027. Beyond 2027, the forecast shows additional increases that are slightly lower than the forecasts prepared last year.1 Table 1 shows the proposed rate increases for FY 2027 through FY 2031. Table 1: Current Year (FY 2026) and Forecasted Overall Rate Trajectory from FY 2027 to FY 2031 Fiscal Year 2026 2027 2028 2029 2030 2031 Current Forecast 6%6%6%7%7%5% FY 2026 Plan (prior year)6%6%8%8%6%- The drivers for this change relative to last year’s forecast include a new warehouse and laydown 1 The current year (FY 2026) Financial Forecast for the Electric Utility (approved June 16, 2025) is described in the Finance Committee Staff Report 2412-3870 from April 15, 2025: Item #3     Packet Pg. 119     Item No. 3 Page 3 of 30 yard for grid modernization, replacement of emergency generators, and a new approach to grid modernization described to the Utilities Advisory Commission on January 7, 2026.3 The new “when and where” approach to grid modernization provides the opportunity to delay costly system upgrades until electric customers are ready to replace gas appliances or install EV chargers. This approach lowers the expected rate increases. The rate increases in the outer years of the forecast could change as the Council finalizes plans for debt financing grid modernization costs. 3 Staff Report 2512-5638 Fiscal Year 2026 Mid-Year Electric Grid Modernization Update https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=85181&dbid=0&repo=PaloAlto and presentation on pg. 9 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=85181&dbid=0&repo=PaloAlto Item #3     Packet Pg. 120     Item No. 3 Page 4 of 30 costs, commitments, and reappropriations planned to be reimbursed through the debt issuance. On a combined basis, the Electric Distribution and Supply Operations Reserves are within the guideline range and are forecasted to remain within the guideline range throughout the five-year forecast period, FY 2027 to FY 2031. BACKGROUND ANALYSIS FY 2025 Costs and Revenues Item #3     Packet Pg. 121     Item No. 3 Page 5 of 30 normal in FY 2025, producing somewhat higher than average levels of hydroelectric generation and enabling the City to sell some surplus generation to other utilities. In addition, the City is a net seller of RA capacity, and extremely high RA prices during FY 2025 enabled the City to realize significant RA sales revenue. Electric supply purchase costs increased 5% per year on average from FY 2020 through FY 2025,5 and other operational costs increased 12% per year on average over the same period.6 Table 2: FY 2025 Actuals vs. Prior Year’s Forecast ($000) Net Cost (Benefit) Variance Type of change Higher revenues from higher load, surplus sales, and transfers (12,712)Revenue increase Lower electric supply costs (4,070)Cost decrease Lower operational costs (8,353)Cost decrease Lower than forecast capital investment (31,274)Cost decrease Net Cost / (Benefit) of Variances (56,409) Forecasts Overview 5 Electric Supply Purchases plus Surplus Energy Costs less Surplus Energy Sales. 6 Operating costs include Administration, Customer Service, Engineering, Operations & Maintenance, Resource Management, and Rent less Discounts/Uncollectible. Item #3     Packet Pg. 122     Item No. 3 Page 6 of 30 Operations costs in FY 2026 are forecasted to be $9.3 million, or 22% higher than FY 2025 actuals. This large increase is due mainly to increases in Demand-Side Management program expenses ($2.6 million) and increased engineering and operation and maintenance costs ($6.7 million). Operation expenses are increasing primarily due to a higher volume of contract work being performed for system inspection and compliance maintenance (i.e. pole testing and crossarm replacement). Vacancy savings will offset a portion of the contract work. Allocated charges from other City departments are forecasted to increase 7% based on adopted FY 2026 budget numbers. Item #3     Packet Pg. 123     Item No. 3 Page 7 of 30 Figure 1: Electric Utility Revenues, Expenses, and Rate Changes: Staff conducted an updated load forecast for FY 2027, with forecast methodologies that incorporated weather patterns, economic factors, and historical trends. This forecasted electricity sales of 982,355 MWh and a peak electric load of 180 MW in FY 2027. Electricity sales grew 4.6% in FY 2024 and 5% in FY 2025. Electric sales in FY 2026 are currently forecasted to grow by 4.5% while the FY 2027 forecast is expected to remain relatively flat, only growing 0.2%. The main contributors to the recent electricity sales increases include growth in the E-7 and E-4 rate classes, driven primarily by small and medium data center expansions. From around 1999 to 2019 the electric sales showed a gradual 1% annual decline due to loss of manufacturing, energy efficiency, and rooftop solar adoption. The roughly 20-year decline prior to 2019 was slightly mitigated by small increases in sales from building electrification and EV charging. Figure 2 shows the forecasted electricity sales through FY 2045. Electricity sales are expected to only rise slightly as the rebound from COVID-19 is largely complete and further data center projects are uncertain at this point. Building and vehicle electrification at a business-as-usual level is included in the FY 2027 forecast. The “High Forecast” is shown for reference to illustrate how increases in data center loads as well as a very large increase in the pace of building and vehicle electrification could increase sales. Staff update the forecast annually based on the most updated information for financial forecast purposes. While Palo Alto saw rapid electricity growth in the prior 18-24 months, that growth has slowed substantially and is currently Item #3     Packet Pg. 124     Item No. 3 Page 8 of 30 trending approximately 1% below the forecast shown below in the orange line for FY 27 Expected Forecast (on a weather normalized basis). As more certainty emerges around the residential and commercial growth staff will update this forecast in the preliminary rates forecast towards the end of 2026. Figure 2: Forecasted Electricity Sales Item #3     Packet Pg. 125     Item No. 3 Page 9 of 30 Figure 3: Forecasted Electricity Peak Demand The Electric Utility receives most of its revenues from sales of electricity to Palo Alto customers, but about 20 to 25% comes from other non-rate revenue sources. Of these non-rate revenue sources, about 80% represents wholesale revenues – from surplus energy sales, surplus RA sales, and sales of renewable energy credits (RECs) that are in excess of the City’s renewable portfolio standard (RPS) requirements. These revenues may offset electric supply purchase costs, smooth rate increases, or fund reserves or other costs including the Electric General Fund Transfer and local decarbonization programs. Of the remaining revenues, the largest sources are interest income, customer connection fees for new or replacement electric services, and carbon allowance sales revenues associated with the State’s Cap-and-Invest (formerly Cap-and- Trade) program. Staff expects Cap-and-Invest allowance revenues to decline starting in calendar year 2027 and then increase throughout the remainder of the forecast period under the new draft calculations from California Air Resources Board (CARB). Although CARB is still in the process of updating the regulations, a revised regulation is expected to be adopted in 2026, with implementation anticipated in 2027. The current proposal from CARB staff would reduce the City’s current Item #3     Packet Pg. 126     Item No. 3 Page 10 of 30 allowance revenue by approximately 40%, or about $2 million per year, from the current Cap- and-Invest revenues to the electric fund. Staff will continue to update Cap-and-Invest related revenues forecasts as more information becomes available. Expenses Item #3     Packet Pg. 127     Item No. 3 Page 11 of 30 litigating Transmission Owner Rate Cases where transmission costs have been improperly assigned by California Investor Owned Utilities. Utilities staff is also working alongside the Northern California Power Agency (NCPA) and federal hydropower staff to mitigate the forecasted loss of revenues from RA sales in 2028 due to currently proposed CAISO procedure changes. Figure 4: Electricity Supply by Source 9 and Figure 5 also shows average and actual hydroelectric generation.10 FY 2021 and FY 2022 had lower than average hydroelectric generation, while FY2024 had higher than forecasted generation. Starting in FY 2023 (in the FY 2024 Electric Utility Financial Plan) staff lowered its forecast of an average hydroelectric year to more closely align with the past 10 years of historical averages. 9 Costs are shown net of wholesale revenues and cannot be directly compared with the electric supply purchase figures shown in Attachment C: Electric Utility Financial Forecast Table. 10 Average hydroelectric generation based on the currently inactive E-HRA rate schedule. -40% -20% 0% 20% 40% 60% 80% 100% 120% 140% 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Actuals Projection % S h a r e Fiscal Year Net Market Purchases/Sales Hydroelectric Renewable Item #3     Packet Pg. 128     Item No. 3 Page 12 of 30 anticipates that net electric supply costs will increase from an average of about $80 million from FY 2022 through FY 2025 to about $126 million by FY 2031. Figure 5: Electric Supply Portfolio Cost/Revenues Table 3: Electric Supply Portfolio Costs/Revenues ($000) Actual ForecastFiscal Year 2025 2026 2027 2028 2029 2030 2031 Net Supply Costs 0 100 200 300 400 500 600 -40 -20 0 20 40 60 80 100 120 140 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Actuals Projection Hy d r o e l e c t r i c G e n e r a t i o n ( G W h ) Su p p l y C o s t s ( $ M i l l i o n ) Fiscal Year Net Resource Adequacy Purchases/Sales Net Market Purchases/Sales Other Costs Hydroelectric Cost Transmission Renewables Average Hydro Generation Actual/Projected Hydro Generation Item #3     Packet Pg. 129     Item No. 3 Page 13 of 30 Operations Administration includes direct costs for the Electric Utility for administrative and general functions as well as shared utility administrative costs (costs allocated across all City Departments). Specifically, administration includes financial management, insurance, information technology expenses, work yard and inventories, tools, and other overhead type activities; Debt service is used to fund long-term capital projects. Additional detail on Electric Utility debt service is provided in the Debt Service section below; Customer Service including billing, printing and mailing, and customer support; Engineering work for maintenance activities (separate from long-term capital activities); Operations and Maintenance of the distribution system; Resource Management and Demand Side Management; and General Fund Transfers fund communications dispatch, fire training, graffiti removal from poles and boxes, and Office of Emergency Services emergency response. Other Transfers including transfers to the City’s capital project fund, reserves, and technology fund. Item #3     Packet Pg. 130     Item No. 3 Page 14 of 30 Figure 6: Electric Utility Operational Costs Item #3     Packet Pg. 131     Item No. 3 Page 15 of 30 Capital Improvement Program Table 4: Electric Utility CIP Spending, Budgeted ($M) *Actual values from FY 2025. 13 13 $166.7 million less $85 million for the FY2027 bond is $89 million. Item #3     Packet Pg. 132     Item No. 3 Page 16 of 30 Note that the debt issuance in FY 2027 will be used to reimburse FY 2025 and FY 2026 grid modernization expenses, resulting in the use of rate/reserve funding in those years and a refund to the reserves in FY 2027 as the bond proceeds are applied to the actual capital costs for grid modernization and related projects (see Council staff report 2411-3805,15 December 16, 2024 for a detailed discussion and accompanying Resolution 1020916). Table 5: Electric Utility CIP Funding Sources Based on Cash Expenditures ($M) 2025 2026 2027 2028 2029 2030 2031 Total Rate-Funded CIP (Non-Grid Modernization)$21.4 $39.0 $15.2 $15.9 $16.4 $17.7 $18.1 $143.7 Rate Funded Grid Modernization $11.0 $11.0 $11.0 $11.0 $11.0 $11.0 $11.0 $77.0 Total Pay-Go $32.4 $50.0 $26.2 $26.9 $27.4 $28.7 $29.1 $220.7 Debt-Funded $2.7 $19.5 $15.8 $31.6 $15.0 $43.7 $45.3 $173.6 Total $35.1 $69.5 $41.9 $58.5 $42.4 $72.5 $74.4 $394.3 Table 6: Other Issuances Secured by Electric Utility’s Revenues or Reserves Secured by Electric Utility’s:Bond Issuance Responsible Utilities Annual Debt Service ($000)Net Revenues Reserves 2009 Water Revenue Bonds (Build America Bonds)Water $1,977*No Yes 2011 Utility Revenue Refunding Bonds, Series A Gas Water $1,457 No Yes *Net of Federal interest subsidy 15 Staff report 2411-3805 “Adoption of a Resolution of Intention to Reimburse Expenditures for the Grid Modernization and Related Projects of the Electric Utility System Infrastructure from the Proceeds of the Tax- Exempt Utility Revenue Bonds.” https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=83165&dbid=0&repo=PaloAlto 16 Council Resolution 10209 (Dec. 16, 2024) https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=62094&dbid=0&repo=PaloAlto Item #3     Packet Pg. 133     Item No. 3 Page 17 of 30 Reserves The Electric Utility currently has two primary contingency reserves: the Supply Operations Reserve and the Distribution Operations Reserve. In addition, the Electric Utility has a Hydro Stabilization Reserve, an Electric Special Projects (ESP) Reserve, and a Capital Reserve. Reserve funds may be utilized with Council approval. There are a variety of risks associated with the Supply Fund related to resource generation variability, market price volatility, transmission cost increases, and regulatory changes to market rules. Because of the high range of uncertainty in energy price predictions more than two years into the future, this risk assessment is only performed for the first two fiscal years of the forecast period. It is important to note that there is a very low likelihood of all adverse scenarios occurring simultaneously (as the severity is defined in Table 7). Of the risks faced by the Electric Utility’s Supply Fund for FY 2027, the largest two factors are related to potential transmission cost increases above staff’s current forecast ($5.4 million) and the reduction of total load (and the associated retail sales revenue) may be lower than forecasted ($5.3 million). Together, these two risks account for almost half of the overall Electric Supply Fund risk. Other risks are related to production from the City’s renewable Estimates of Adverse Outcomes (M$) Estimates of Adverse Outcomes (M$) FY 2027 FY 2028 1. Load Net Revenue 5.3 5.1 2. Renewable Production: Landfill, Wind, Solar, Geothermal 1.2 2.1 3. REC Purchases 0.5 0.5 4. REC Sales 1.0 0.8 5. Market Price 1.9 1.5 6. Resource Adequacy 4.5 2.1 7. Transmission/CAISO 5.4 5.8 8. Plant Outage 1.0 1.0 9. Western Cost 1.6 1.4 10. Legislative & Regulatory 0.0 0.0 11. Supplier Default 0.2 0.2 Electric Supply Fund Risks 22.6 20.5 Categories of Electric Supply Cost Uncertainties Item #3     Packet Pg. 134     Item No. 3 Page 18 of 30 contracts and market prices for purchases and sales of energy and resource adequacy (Items 2 through 6 in Table 7 above), totaling $9.0 million or 40% of the total risk. Item #3     Packet Pg. 135     Item No. 3 Page 19 of 30 Table 8: Electric Distribution Fund Risk Assessment ($000) Total non-commodity revenue 89,007 92,567 98,121 104,990 111,289 116,853 Max. revenue variance, previous 10 yrs 8%8%8%8%8%8% Risk of revenue loss 7,025 7,306 7,744 8,286 8,783 9,223 CIP Budget 35,591 10,122 33,301 34,109 35,698 36,370 CIP Contingency (10%) 3,559 1,012 3,330 3,411 3,570 3,637 10,584 8,318 11,074 11,697 12,353 12,860 Figure 7 illustrates the combined Supply and Distribution Operating Reserve balances. The combined balances have met the reserve minimum, and future rate adjustments balance rate stability and achievement of the reserve target. Reserve transfers are made at the end of each fiscal year so that the Electric Utility meets its financial goals and policies. At the end of FY 2025, the Electric Utility’s combined Operations Item #3     Packet Pg. 136     Item No. 3 Page 20 of 30 Reserves for Distribution and Supply totaled $46.6 million, which is close to the target level of $49.5 million.19 20 These funds covered higher costs during the pandemic, lower hydroelectric generation during the drought, and high winter energy prices during 2022-2023.This forecast also reflects repayments of $1 million per year from FY 2027 through FY 2030 to the Electric Special Projects Reserve for loans to the water and gas utilities for AMI investments. 21 Replenishing this reserve reduces the risk that, in the event of unforeseen condition declines in hydro conditions, the City will need to use the Hydro Rate Adjuster to recover higher supply costs. 19 Attachment D, Exhibit 1 to Staff Report 2411-3776, June 16, 2025, Table 1, line 66: https://www.paloalto.gov/files/assets/public/v/2/agendas-minutes-reports/agendas-minutes/city-council-agendas- minutes/2025/june-16/rates-attachments/finalized-attachment-d-exhibit-1-fy26-electric-utility-financial-forecast- and-cip-detail.pdf 20 In FY 2018 Council approved a $10 million transfer from the Electric Special Projects Reserve to the Operations Reserve to mitigate higher supply costs due to the drought, the costs of new renewable energy projects coming online and increasing transmission charges. See Staff Report 8186 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=77755&dbid=0&repo=PaloAlto. $5 million was repaid in FY 2020; See Staff Report 11341 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=86876&dbid=0&repo=PaloAlto, In FY 2022 Council approved an additional $5 million transfer from the ESP Reserve to the Operations Reserve to avoid rate increases exceeding 5%. (Staff Report 13661, June 13, 2022) https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=2238&dbid=0&repo=PaloAlto. This left a total outstanding loan of $10 million. In FY 2024, $2.5 million was repaid (Staff Report 2411-3776, June 16, 2025, Attachment D, Exhibit 1, line 55 shows the balance in the Electric Special Project Reserve increased by $2.5 million in FY 2024 https://www.paloalto.gov/files/assets/public/v/2/agendas-minutes-reports/agendas-minutes/city- council-agendas-minutes/2025/june-16/rates-attachments/finalized-attachment-d-exhibit-1-fy26-electric-utility- financial-forecast-and-cip-detail.pdf). 21 Electric Utility Reserves Management Practices, Section 7 d; Attachment D, Exhibit 3 to Staff Report 2411-3776, June 16, 2025: https://www.paloalto.gov/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city- council-agendas-minutes/2025/june-16/rates-attachments/attachment-d-exhibit-3-fy26-electric-reserves- management-practices.pdf Item #3     Packet Pg. 137     Item No. 3 Page 21 of 30 the actual and projected reserve balances for each of these reserves. The Operations Reserve will be used temporarily to fund the grid modernization project until debt is issued in FY 2027. 25 all of the Cap and Invest Program revenue was spent on purchasing renewable energy and none was held in reserve. 26 Council approved continuation of the program with 100% of revenue going to local emissions reduction. In accordance with Council policy, staff will fund the Cap and Invest Program Reserve with unspent revenues from the sale of carbon allowances freely allocated to the Electric Utility in an amount equal to 100% of each FY’s Renewable Energy Credit (REC) Exchange program revenues, currently estimated to be about $0.5M per year through FY 2029, for future local decarbonization projects. CIP Reserve Balance 25Staff Report 11556 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=86875&dbid=0&repo=PaloAlto 26December 12, 2022 Staff Report #14375 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=82045&dbid=0&repo=PaloAlto Item #3     Packet Pg. 138     Item No. 3 Page 22 of 30 below reflects the maximum and minimum CIP Reserve guideline levels, starting in FY 2020 through FY 2031. The maximum reserve level is equal to the running 4-year average of forecasted CIP expenses. Because of the fluctuating annual dollar amounts and timing of CIP projects budgeted to occur during the forecast period, as well as the potential for new ongoing projects to be included in the CIP plan in later years, four years of budgeted CIP are used to calculate the reserve maximum levels. The minimum CIP Reserve level is 20% of the maximum CIP Reserve guideline level. Figure 8: Electric CIP Reserve Adequacy Item #3     Packet Pg. 139     Item No. 3 Page 23 of 30 The reserves charts below show significant increases in the Distribution Operations Reserve as these funds will be replenished following grid modernization investments prior to the bond funding in FY 2027. Figure 9: Electric Utility Reserves (Supply Fund): Actual Reserve Levels through FY 2026 and Forecasts through FY 2031 Figure 10: Electric Utility Reserves (Distribution Fund): Actual Reserve Levels through FY 2026 and Forecasts through FY 2031 Item #3     Packet Pg. 140     Item No. 3 Page 24 of 30 Table 9 shows the forecasted balance of each of the Electric Utility reserves for the period covered by this Financial Forecast. See also: Attachment A, Exhibit 2: Electric Utility Financial Table. Table 9: Electric Utility Reserves Starting and Ending Balances, Revenues, Transfers To/(From) Reserves, and Reserve Guideline Levels for FY 2026 to FY 2031 ($000) Fiscal Year 2026 2027 2028 2029 2030 2031 Starting Reserve Balances 1 Supply Operations 43,632 44,257 38,164 40,180 39,100 37,722 2 Distribution Operations 2,949 (2,623) 18,559 19,768 23,971 22,068 3 Capital Reserves 880 5,880 8,880 12,380 15,880 19,380 4 Electric Special Projects 30,149 31,169 32,189 33,209 34,229 35,249 5 Hydro Stabilization 18,767 18,767 24,767 24,767 24,767 24,767 6 Cap and Trade 6,675 5,625 4,175 3,121 1,245 871 7 Public Benefits 8,163 11,047 7,451 6,054 4,400 2,472 8 Low Carbon Fuel Standard (LCFS) 6,372 2,127 166 341 666 - 9 Electrification Reserve 2,037 2,037 2,037 2,037 2,037 2,037 Revenues 10 Supply 161,733 159,079 158,313 166,468 175,955 183,962 11 Distribution 84,566 90,013 95,841 101,787 108,354 114,187 12 Cap and Trade 3,225 2,249 2,327 2,724 3,313 3,313 13 Public Benefits 5,677 6,067 6,460 6,932 7,399 7,777 14 Low Carbon Fuel Standard 1,301 1,431 1,574 1,731 1,904 1,400 15 Electrification Reserve Repayments - - - - - - Transfers from Supply Operations Reserve to Other Reserves or to Distribution Fund 16 Distribution Operations (1,020) (1,020) (1,020) (1,020) (1,020) (1,020) 17 Electric Special Projects (1,020) (1,020) (1,020) (1,020) (1,020) - 18 Hydro Stabilization - (6,000) - - - - 19 Cap and Trade 1,862 1,299 1,227 1,944 3,193 3,193 16+17+18+19=20 Supply Operations Total (178) (6,741) (813) (96) 1,153 2,173 Transfers from Distribution Operations Reserve to Other Reserves or to Supply Fund 21 Supply Operations 1,020 1,020 1,020 1,020 1,020 1,020 22 Capital Reserves (5,000) (3,000) (3,500) (3,500) (3,500) (3,500) 23 Low Carbon Fuel Standard - - - - - - 21+22+23=24 Distribution Operations Total (3,980) (1,980) (2,480) (2,480) (2,480) (2,480) Expenses 25 Electric Supply Purchases (160,929) (158,431) (155,485) (167,453) (178,485) (182,252) 26 Distribution Non-CIP (50,568) (56,728) (58,851) (60,996) (72,078) (73,851) 27 Distribution Planned CIP (35,591) (10,122) (33,301) (34,109) (35,698) (36,370) 28 Cap and Trade (2,413) (2,400) (2,154) (2,656) (495) (385) 29 Public Benefits (2,793) (9,662) (7,858) (8,586) (9,327) (10,145) 30 Low Carbon Fuel Standard (5,545) (3,392) (1,399) (1,406) (2,024) (1,400) 31 Electrification Reserve - - - - - - Ending Reserve Balance 1+10+20+25=32 Supply Operations 44,257 38,164 40,180 39,100 37,722 41,604 2+11+24+26+27=33 Distribution Operations (2,623) 18,559 19,768 23,971 22,068 23,554 3+22=34 Capital Reserves 5,880 8,880 12,380 15,880 19,380 22,880 4-17=35 Electric Special Projects 31,169 32,189 33,209 34,229 35,249 35,249 5+18=36 Hydro Stabilization 18,767 24,767 24,767 24,767 24,767 24,767 6-19+28=37 Cap and Trade 5,625 4,175 3,121 1,245 871 605 7+13+29=38 Public Benefits 11,047 7,451 6,054 4,400 2,472 104 8+14+23+30=39 Low Carbon Fuel Standard (LCFS) 2,127 166 341 666 547 - 9+15+31=40 Electrification Reserve 2,037 2,037 2,037 2,037 2,037 2,037 Operations Reserve Guidelines (Supply) Minimum 23,964 23,487 22,780 24,615 25,856 26,191 Maximum 47,927 46,974 45,560 49,229 51,712 52,382 Operations Reserve Guidelines (Distribution) Minimum 9,343 11,351 11,070 11,539 13,579 13,897 Maximum 18,686 22,701 22,141 23,077 27,158 27,794 Capital Reserve Guidelines Minimum 5,656 5,661 5,661 5,661 5,661 5,979 Maximum 28,281 28,307 28,307 28,307 28,307 28,307 Item #3     Packet Pg. 141     Item No. 3 Page 25 of 30 Proposed Rates The City adopted its current electric rates effective July 1, 2025. The current FY 2026 and proposed FY 2027 rates are reflected in Table 10 below. All FY2027 commodity rates are increased by 7% and FY2027 distribution rates are increased by 4.5%. Rate components that are weighted more toward supply costs (summer energy rates) increase at a higher percentage compared with rate components comprised more heavily of distribution costs (demand rates). The results in a 6% overall adjustment for each rate schedule. E-1 (Residential) Tier 1 Energy ($/kWh)0.20570 0.21761 0.01191 6% Tier 2 Energy ($/kWh)0.22944 0.24317 0.01373 6% Customer Charge ($/month)5.15 5.44 0.29 6% E-2 & E-2-G (Small Non-Residential) Summer Energy ($/kWh)0.26485 0.28059 0.01574 6% Winter Energy ($/kWh)0.17290 0.18307 0.01017 6% Customer Charge ($/month)6.22 6.57 0.35 6% E-4 & E-4-G (Medium Non-Residential) Summer Energy ($/kWh)0.16171 0.16872 0.01030 7% Winter Energy ($/kWh)0.11579 0.12125 0.00696 6% Summer Demand ($/kW)47.59 51.66 2.49 5% Winter Demand ($/kW)24.94 27.33 1.24 5% Customer Charge ($/month)119.53 133.44 7.20 6% E-7 & E-7-G (Large Non-Residential) Summer Energy ($/kWh)0.14262 0.14738 0.00946 7% Winter Energy ($/kWh)0.09245 0.09579 0.00609 7% Summer Demand ($/kW)42.41 45.87 2.26 5% Winter Demand ($/kW)29.20 32.02 1.45 5% Customer Charge ($/month)547.36 611.03 32.95 6% Table 11 shows the impact of the proposed July 1, 2027 rate changes on the residential and non- residential bills for various consumption levels. The increase for all rate classes is 6%. Item #3     Packet Pg. 142     Item No. 3 Page 26 of 30 Table 11: Impact of Proposed Electric Rate Changes on Customer Bills in FY 2027 Monthly Bill Rate Schedule Usage (kWh/mo) Peak Demand kW-mo Current Rates Proposed Rates Change Change (%) 300 NA $66.86 $70.72 $3.86 6% (Summer Median) 365 NA $80.23 $84.87 $4.64 6% (Winter Median) 450 NA $97.72 $103.36 $5.65 6% 650 NA $143.60 $152.00 $8.40 6% E-1 (Residential) 1,200 NA $269.80 $285.74 $15.95 6% E-2 (Small Non- Residential) 1,000 NA $225.10 $238.40 $13.31 6% 160,000 274 $32,253.66 $34,152.67 $1,899.01 6%E-4 (Medium Non- Residential) 500,000 856 $100,515.02 $106,433.66 $5,918.64 6% E-7 (Large Non- Residential) 2,000,000 3,424 $355,194.24 $377,128.71 $21,934.47 6% Net Energy Metering Compensation Rates The City operates two Net Energy Metering (NEM) programs. Solar customers served by the City of Palo Alto's (CPAU) original NEM program, also called NEM 1, are compensated at retail rates for electricity they export to the grid, and solar customers served by the NEM successor program, or NEM 2 (effective after the City reached its NEM 1 cap at the end of 2017), are compensated at the Export Electricity Compensation (E-EEC-1) rate for exported electricity. Customers on the NEM 1 program who have chosen to have the value of any annual net generation they produced over the past 12 months credited back to their account do so under the Net Metering Net Surplus Electricity Compensation (E-NSE-1) rate. The Net Surplus Electricity Compensation rate represents the City’s avoided cost or value of customer- generated electricity in Palo Alto over the preceding year, which is calculated based on the value of the energy and RECs, avoided capacity charges, avoided transmission and ancillary service charges, and avoided transmission and distribution (T&D) losses. Staff proposes a slight increase to the E-NSE-1 rate to $0.1064/kWh based on updated avoided cost calculations that reflect higher historical transmission charges and historical RA market prices in 2025 relative to their levels in 2024. Item #3     Packet Pg. 143     Item No. 3 Page 27 of 30 Under the City’s NEM successor program, participating solar customers in Palo Alto are billed at the current retail rate for electricity drawn from the grid, and receive a credit for electricity they export to the grid at the E-EEC-1 rate. This compensation rate also reflects the avoided cost or value of customer-generated electricity in Palo Alto, calculated on a forward-looking basis for the upcoming fiscal year. As shown in the table below, the current avoided cost rate for solar generation in Palo Alto is $0.1206/kWh, which is higher than the City’s forecasted avoided cost (due to decreases in forecasted resource adequacy and REC prices compared to a year ago), and thus requires the proposed NEM compensation rate (E-EEC-1) to decrease to $0.0990/kWh. This decrease in the overall avoided cost is driven by a significant drop in forward electricity market prices and forward RA prices. Table 12 shows the current and proposed NEM buyback rates that would be effective on July 1, 2026. Table 12: NEM Buyback Rates – Current vs. Proposed Item #3     Packet Pg. 144     Item No. 3 Page 28 of 30 Bill Comparisons/Competitiveness For the median consumption level, the CPAU residential electric monthly bill is about $94.04. This is about 50% lower than the monthly bill for a PG&E customer and about 24% higher than the bill for a City of Santa Clara (Silicon Valley Power) customer with the same consumption level, based on rates as of January 1, 2026. PG&E bill calculations are based on the “average” bundled total rates, including the annual climate credit, and Climate Zone X, which includes most nearby comparison communities. Santa Clara’s electrical system benefits from a higher load factor with a significantly larger commercial load compared to Palo Alto’s, resulting in a more efficient distribution system and lower rates. However, unlike Palo Alto, Santa Clara’s system is not 100% carbon neutral, as part of its electricity is generated from natural gas. Table 13 provides sample residential bills for Palo Alto (effective 7/1/2026), PG&E (effective 1/1/2026), and the City of Santa Clara (effective 7/1/2026) at various usage levels. Usage (kWh) Palo Alto 7/1/2026 PG&E 1/1/2026 Santa Clara 1/1/2026 300 $70.72 $117.20 $53.28 (Median) 408 $94.12 $168.40 $71.88 650 $152.00 $283.12 $116.55 1200 $285.74 $543.85 $218.06 For commercial customers, the CPAU electric monthly bill is about 43% to 53% lower than the bill for a PG&E customer, depending on usage levels. Compared to the City of Santa Clara, CPAU commercial bills are approximately 15% lower to 12% higher, depending on usage levels, based on rates as of January 1, 2026. Table 14 presents sample commercial bills for Palo Alto (effective 7/1/2026), PG&E (effective 1/1/2026), and the City of Santa Clara (effective 7/1/2026) at various usage levels. Usage (kWh) Palo Alto 7/1/2026 PG&E 1/1/2026 Santa Clara 1/1/2026 1000 $238.40 $432.56 $263.86 160,000 $34,152.67 $69,209.60 $28,924.47 500,000 $106,433.66 $191,670.00 $90,174.88 2,000,000 $377,128.71 $618,760.00 $360,401.49 Item #3     Packet Pg. 145     Item No. 3 Page 29 of 30 General Fund Transfer The City calculates the General Fund Transfer from its Electric Utility based on a methodology adopted by Council in 2009, which has remained unchanged since then.29 Each year it is calculated according to the 2009 Council-adopted methodology and does not require additional Council action. Staff will incorporate the UAC’s recommendations into the draft financial forecast and attachments and bring those to the Finance Committee in April and to the City Council in June. The City Council will consider the proposed financial forecast and rate schedules with the FY 2027 budget review and adoption process in June 2026. If Council approves the proposed rate changes, the rates will become effective July 1, 2026. FY 2027 revenues from retail rates are forecasted to increase 6.7% or $13.3 million from FY 2026 forecasted levels if Council adopts this financial forecast’s recommendations. The City is a non-residential utility customer and can expect an increase to General Fund expenses (due to the rate increases) and revenues (due to the General Fund Transfer). Street light expenses (which are paid from the General Fund) are forecasted to increase by 6% or $0.122 million. The General Fund revenues from the General Fund Transfer would increase from an estimate of $17.56 million in FY 2026 to an estimated $17.95 million in FY 2027, an increase of $0.39 million The proposed electric rate adjustments are consistent with Council-adopted Reserve Management Practices that are part of the Financial Forecast and were developed using a cost- of-service study30 and methodology consistent with the California Constitution and industry- accepted cost of service principles. At the UAC on November 5, 2025, staff discussed the preliminary rate proposals .31 The UAC did not take any action on this item. The video of the meeting is available on the City’s website at the following link: https://youtube.com/watch?v=1e6NrB2KDCw?feature=share. UAC members 29 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed changes to the General Fund Transfer methodology. 30 See Staff Report 2404-2842, June 17, 2024, beginning on packet page 709 https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=6490&dbid=0&repo=PaloAlto&searchid=e295a977- 520e-4aed-b382-b7e802821bcd 31 See Staff Report 2503-4364, November 5, 2025 “Discussion and Update on the Fiscal Year 2027 Preliminary Utilities Financial Forecast and Rate Projections” https://recordsportal.paloalto.gov/WebLink/DocView.aspx?id=84164&dbid=0&repo=PaloAlto&searchid=ffbb0624- e25e-413d-8cc1-ffb7fcd6db8a&cr=1 Item #3     Packet Pg. 146     Item No. 3 Page 30 of 30 expressed concern about utility affordability and subsequently formed a UAC Subcommittee to examine affordability of water and electric rates. ENVIRONMENTAL REVIEW ATTACHMENTS AUTHOR/TITLE: Item #3     Packet Pg. 147     * NOT YET APPROVED * Attachment A 1 02703252026 Resolution No. _ Resolution of the Council of the City of Palo Alto Approving the Fiscal Year 2027 Electric Utility Financial Forecast and Reserve Transfer, and Amending Utility Rate Schedules E-1 (Residential Electric Service), E-1 TOU (Residential Time of Use Electric Service), E-2 (Residential Master-Metered and Small Non-Residential Electric Service), E-2-G (Residential Master- Metered and Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non- Residential Green Power Electric Service), E-4 TOU (Medium Non-Residential Electric Time of Use Service), E-7 (Large Non Residential Electric Service), E-7-G (Large Non- Residential Green Power Electric Service), E-7 TOU (Large Non-Residential Electric Time of Use Service), E-14 (Street Lights), E-EEC-1 (Export Electricity Compensation), and E- NSE-1 (Net Metering Surplus Electricity Compensation) R E C I T A L S A. Each year the City of Palo Alto (“City”) assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Forecasts or Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices (Exhibit 3) and Electric Utility and CIP Financial Details (Exhibit 2) in addition to the Electric Financial Forecast staff report presented to the City Council. C. Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. D. On June 15, 2026, the City Council heard and approved the proposed rate increase at a noticed public hearing. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby approves the fiscal year (“FY”) 2027 Amended Electric Utility Reserve Management Practices (Exhibit 3) and Electric Utility and CIP Financial Details (Exhibit 2) presented to the Finance Committee on April 21, 2026 as updated by the June 15, Item #3     Packet Pg. 148     * NOT YET APPROVED * Attachment A 2 02703252026 2026 Council report including the Electric Financial Forecast, which are attached to and made a part of the staff report presented to the City Council; SECTION 2. The Council hereby approves the transfer of up to $5 million from the Electric Utility Distribution Operations Reserve to the Electric Utility Capital Reserve by the end of FY 2026, as described in the FY 2027 Electric Utility Financial Forecast (Exhibit 2) SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-1 (Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-1, as amended, shall become effective July 1, 2026; SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-1 TOU (Residential Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-1, as amended, shall become effective July 1, 2026; SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2 (Residential Master-Metered and Small Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2, as amended, shall become effective July 1, 2026; SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2-G (Residential Master-Metered and Small Non-Residential Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2-G, as amended, shall become effective July 1, 2026; SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 (Medium Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4, as amended, shall become effective July 1, 2026; SECTION 8. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4-G (Medium Non-Residential Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4-G, as amended, shall become effective July 1, 2026; SECTION 9. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 TOU (Medium Non-Residential Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4 TOU, as amended, shall become effective July 1, 2026; Item #3     Packet Pg. 149     * NOT YET APPROVED * Attachment A 3 02703252026 SECTION 10. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 (Large Non-Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2026; SECTION 11. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7-G (Large Non-Residential Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7-G, as amended, shall become effective July 1, 2026; SECTION 12. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 TOU (Large Non-Residential Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7 TOU, as amended, shall become effective July 1, 2026; SECTION 13. 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, 2026; SECTION 14. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-EEC-1 (Export Electricity Compensation) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-EEC-1, as amended, shall become effective July 1, 2026; SECTION 15. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-NSE-1 (Net Surplus Electricity Compensation Rate) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-NSE-1, as amended, shall become effective July 1, 2026; SECTION 16. The Council finds that the revenue derived from the adoption of this resolution shall be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 17. The Council finds that the fees and charges adopted by this resolution are charges imposed for a specific government service or product provided directly to the payor that are not provided to those not charged, and do not exceed the reasonable costs to the City of providing the service or product. // // // // Item #3     Packet Pg. 150     * NOT YET APPROVED * Attachment A 4 02703252026 SECTION 18. The Council finds that approving the Electric Reserves Management Practices, Electric Financial Forecast, and Electric Reserve transfer does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065 and CEQA Guidelines Section 15378(b)(5), because each is an administrative governmental activity which will not cause a direct or indirect physical change in the environment, and therefore, no environmental assessment is required. The Council finds that changing electric rates to meet operating expenses, purchase supplies and materials, meet financial reserve needs and obtain funds for capital improvements necessary to maintain service is not subject to the California Environmental Quality Act (CEQA), pursuant to California Public Resources Code Sec. 21080(b)(8) and CEQA Guidelines Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: City Clerk Mayor APPROVED AS TO FORM: APPROVED: Assistant City Attorney City Manager Director of Utilities Director of Administrative Services Item #3     Packet Pg. 151     RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-1-1 Supersedes Sheet No E-1-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to separately metered single-family residential dwellings receiving Electric Service from the City of Palo Alto Utilities. B.TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C.UNBUNDLED RATES: Per kilowatt-hour (kWh)Commodity Distribution Public Benefits Total Tier 1 usage $ 0.110990373 $ 0.1002509593 $ 0.0063704 $ 0.217610570 Tier 2 usage Any usage over Tier 1 0.143083372 0.093728968 0.0063704 0.243172944 Customer Charge ($/month) 5.4415 D.SPECIAL NOTES: 1.Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2.Calculation of Usage Tiers Tier 1 Electricity usage shall be calculated and billed based upon a level of 15 kWh per day, prorated by Meter reading days of Service. As an example, for a 30-day bill, the Tier 1 level would be 450 kWh. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} Attachment A Item #3     Packet Pg. 152     RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No E-1-TOU-11 Sheet No E-1-TOU-1 Ddated 1-1-2026 Effective 7-1-2026 A. APPLICABILITY: This voluntary Rate Schedule applies to separately metered single-family residential dwellings receiving Electric Service from the City of Palo Alto Utilities (CPAU) who have an Advanced Metering Infrastructure meter installed. This Rate Schedule is not available to Net Energy Metered (NEM) customers and is provided at the sole discretion of CPAU. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Per kilowatt-hour e kWh Commodit Distribution Public Benefits Total Summer Perio Ener Char e Peak $ 0.249893354 $ 0.09772351 $ 0.0063704 $ 0.3539833 09 Off-Peak 0.08826249 0.09772351 0.0063704 0.1923582 04 Su er Off-Peak 0.071586690 0.09772351 0.0063704 0.1756766 45 Winter Perio Ener Char e Peak $ 0.178746705 $ 0.09772351 $ 0.0063704 $ 0.2828366 60 Off-Peak 0.11805033 0.09772351 0.0063704 0.2221409 88 Su er Off-Peak 0.083837835 0.09772351 0.0063704 0.1879277 90 Customer Char e $/month 5.4415 Item #3     Packet Pg. 153     RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No E-1-TOU-12 Sheet No E-1-TOU-2 Ddated 1-1-2026 Effective 7-1-2026 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 Seasonal Periods Summer Period: Service from June 1 to September 30 Winter Period: Service from October 1 to May 31 SEASONAL RATE CHANGES: When the Billing Period includes use in both Summer and Winter periods, 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. Definition of Time Periods Peak: 4:00 p.m. to 9:00 p.m. Every day Off-Peak: 9:00 p.m. to 9:00 a.m. Every day 3:00 p.m. to 4:00 p.m. Super Off-Peak: 9:00 a.m. to 3:00 p.m. Every day 4. Changing Rate Schedules Customers electing to be served under E-1 TOU must remain on said Rate Schedule for a minimum of 6 months. Should the Customer so wish, at the end of 6 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-hour usage. However, once a customer elects a rate other than E-1 TOU, they cannot re-elect E-TOU for the next 12 billing cycles. {End} Item #3     Packet Pg. 154     RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-1 Supersedes Sheet No E-2-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities: 1. Non-residential Customers receiving Non-Demand metered Electric Service; and 2. Customers with Accounts at Master-Metered multi-family facilities receiving Non- Demand metered Electric Service. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Per kilowatt-hour kWh Commodit Distribution Public Benefits Total Summer Perio $ 0.161305075 $ 0.112920806 $ 0.0063704 $ 0.28059648 5 Winter Perio 0.09987334 0.07683352 0.0063704 0.18307729 0 Customer Charge ($/month) 6.5722 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 Item #3     Packet Pg. 155     RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-2 Supersedes Sheet No E-2-2 Effective 7-1-20265 dated 7-1-20254 and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. {End} Item #3     Packet Pg. 156     RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-1 Supersedes Sheet No E-2-G-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities who qualify for E-2 Service and choose to participate in the Palo Alto Green Program: 1. Non-residential Customers receiving Non-Demand metered Electric Service; and 2. Customers with Accounts at Master-Metered multi-family facilities receiving Non-Demand metered Electric Service. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Per kilowatt-hour (kWh) Commodit Distribution Public Benefits Palo Alto Green Char e Total Summer Perio $ 0.161305075 $ 0.112920806 $ 0.0063704 $ 0.0075 $ 0.2880972 35 Winter Perio 0.09987334 0.07683352 0.0063704 0.0075 0.1905780 40 Customer Charge ($/month) 6.5722 2. 1000 kWh Block Purchase Option: Per kilowatt-hour (kWh) Commodit Distribution Public Benefits Total Summer Perio $ 0.161305075 $ 0.112920806 $ 0.0063704 $ 0.2680594 85 Winter Perio 0.09987334 0.07683352 0.0063704 0.1830772 Item #3     Packet Pg. 157     RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-2 Supersedes Sheet No E-2-G-2 Effective 7-1-20265 dated 7-1-20254 90 Customer Charge ($/month) 6.5722 Palo Alto Green Char e (per 1000 kWh block) $ 7.50 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use in both the Summer and Winter Periods, usage will be prorated based upon the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the Customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewable sources, and create a transparent and sustainable market that encourages new development of wind and solar power. Customers choosing to participate shall fill out a Palo Alto Green Power Program 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. Item #3     Packet Pg. 158     RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-2-G-3 Supersedes Sheet No E-2-G-3 Effective 7-1-20265 dated 7-1-20254 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. {End} Item #3     Packet Pg. 159     MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-1 Supersedes Sheet No E-4-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to Demand metered Secondary Electric Service for Customers with a maximum Demand below 1,000 kilowatts. This Rate Schedule may include Service to master- metered multi-family facilities or other facilities requiring Demand metered Service, as determined by the City. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodit Distribution Public Benefits Total Summer Perio Demand Char e er kW $ 11.8709 $ 39.798.08 $ 51.6649.17 Ener Char e er kWh 0.133122441 0.02923797 0.0063704 0.168725842 Winter Perio Demand Char e er kW $ 2.7860 $ 24.553.49 $ 27.336.09 Ener Char e er kWh 0.08590028 0.02923797 0.0063704 0.121501429 Customer Char e $/month 133.4426.24 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. Item #3     Packet Pg. 160     MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-2 Supersedes Sheet No E-4-2 Effective 7-1-20265 dated 7-1-20254 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. 4. Changing Rate Schedules Customers may request a rate schedule change at any time to any City of Palo Alto full- service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 5. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited Item #3     Packet Pg. 161     MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-3 Supersedes Sheet No E-4-3 Effective 7-1-20265 dated 7-1-20254 to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 6. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Ca acit Summer Perio $ 9.098.50 $ 39.798.08 $ 48.886.58 Winter Perio 0.00 24.553.49 24.553.49 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. Item #3     Packet Pg. 162     MEDIUM NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-4 Supersedes Sheet No E-4-4 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 163     MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-1 Supersedes Sheet No E-4-G-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to Customers who qualify for E-4 Service and who choose to participate in the Palo Alto Green Program. B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Commodit Distribution Public Benefits Palo Alto Green Char e Total Summer Perio Demand Char e er kW $ 11.8709 $ 39.798.08 $ 51.6649.1 7 Ener Char e er kWh 0.133122441 0.02923797 0.0063704 0.0075 0.1762265 92 Winter Perio Demand Char e er kW $ 2.7860 $ 24.553.49 $ 27.336.09 Ener Char e er kWh 0.08590028 0.02923797 0.0063704 0.0075 0.1290017 68 Customer Char e $/month 133.4426.24 Item #3     Packet Pg. 164     MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-2 Supersedes Sheet No E-4-G-2 Effective 7-1-20265 dated 7-1-20254 2. 1000 kWh Block Purchase Option: Commodit Distribution Public Benefits Total Summer Perio Demand Char e er kW $ 11.8709 $ 39.798.08 $ 51.6649.1 7 Ener Char e er kWh 0.133122441 0.02923797 0.0063704 0.1687258 42 Palo Alto Green Char e er 1000 kWh block $7.50 Winter Perio Demand Char e er kW $ 2.7860 $ 24.553.49 $27.33 Ener Char e er kWh 0.08590028 0.02923797 0.0063704 0.1215014 29 Palo Alto Green Char e er 1000 kWh block $7.50 Customer Char e $/month 133.4426.24 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges, and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three Item #3     Packet Pg. 165     MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-3 Supersedes Sheet No E-4-G-3 Effective 7-1-20265 dated 7-1-20254 consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has dropped below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter, which does not reset after a definite time interval, may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full-service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 5. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is Item #3     Packet Pg. 166     MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-4 Supersedes Sheet No E-4-G-4 Effective 7-1-20265 dated 7-1-20254 supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 8. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Ca acit Summer Perio $ 9.098.50 $ 39.798.08 $ 48.886.58 Winter Perio 0.00 24.553.49 24.553.49 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. Item #3     Packet Pg. 167     MEDIUM NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-G-5 Supersedes Sheet No E-4-G-5 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 168     MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-1 Supersedes Sheet No E-4-TOU-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This voluntary Rate Schedule applies to Demand metered Secondary Electric Service for Customers with Demand between 500 and 1,000 kilowatts per month and who have sustained this level of usage for at least three consecutive months during the most recent 12 month period. This Rate Schedule may include Service to Master-Metered multi-family facilities or other facilities requiring Demand metered Service, as determined by the City. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodit Distribution Public Benefits Total Summer Perio Demand Char e er kW Peak $ 10.519.82 $ 19.9307 $ 30.4428.89 Max Deman 1.390 19.9307 21.320.37 Ener Char e er kWh Peak $ 0.184127208 $ 0.02944817 $ 0.0063704 $ 0.219940629 Mi -Peak 0.151744181 0.02944817 0.0063704 0.187557602 Off-Peak 0.114080662 0.02944817 0.0063704 0.14989083 Winter Perio Demand Char e er kW Peak $ 1.4031 $ 12.451.91 $ 13.8522 Max Deman 1.4031 12.451.91 13.8522 Ener Char e er kWh Peak $ 0.12943096 $ 0.02900775 $ 0.0063704 $ 0.164805475 Mi -Peak 0.1021509547 0.02900775 0.0063704 0.137522926 Off-Peak 0.070516590 0.02900775 0.0063704 0.105880996 9 Customer Charge $/month 133.4426.24 Item #3     Packet Pg. 169     MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-2 Supersedes Sheet No E-4-TOU-2 Effective 7-1-20265 dated 7-1-20254 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 2:00 p.m. to 4:00 p.m. Monday through Friday (except holidays) 9:00 p.m. to 11:00 p.m. Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day WINTER PERIOD (Service from November 1 to April 30): Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 9:00 a.m. to 2:00 p.m. Monday through Friday (except holidays) Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Item #3     Packet Pg. 170     MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-3 Supersedes Sheet No E-4-TOU-3 Effective 7-1-20265 dated 7-1-20254 Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day TYPES OF DEMAND CHARGES: The Peak Demand Charge per Kilowatt applies to the maximum peak-period Demand during the time periods noted above. The Maximum (Max) Demand charge per Kilowatt applies to the maximum Demand at any time during the month. Both Demand charges apply in each Billing Period, and the maximum peak-period Demand and maximum Demand may occur at different times in the Billing Period depending on Customer usage patterns. SEASONAL RATE CHANGES: When the Billing Period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the Charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated time periods as defined under Section D.2. 4. Changing Rate Schedules Customers electing to be served under E-4 TOU must remain on said Rate Schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a Rate Schedule change to any applicable City of Palo Alto full-service Rate Schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 5. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's Item #3     Packet Pg. 171     MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-4 Supersedes Sheet No E-4-TOU-4 Effective 7-1-20265 dated 7-1-20254 electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Ca acit Summer Perio $ 9.098.50 $ 39.798.08 $ 48.886.58 Winter Perio 0.00 24.553.49 24.553.49 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 Item #3     Packet Pg. 172     MEDIUM NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-4-TOU-5 Supersedes Sheet No E-4-TOU-5 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 173     LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-1 Supersedes Sheet No E-7-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to Demand metered Service for large non-residential Customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodit Distribution Public Benefits Total Summer Perio Demand Char e kW $ 12.9107 $ 32.961.54 $ 45.873.61 Ener Char e kWh 0.136812786 0.0042002 0.0063704 0.147383792 Winter Perio Demand Char e kW $ 3.022.82 $ 29.007.75 $ 32.020.57 Ener Char e kWh 0.085317973 0.00411393 0.0063704 0.095798970 Customer Charge $/month 611.03578.08 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. Item #3     Packet Pg. 174     LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-2 Supersedes Sheet No E-7-2 Effective 7-1-20265 dated 7-1-20254 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the summer and in the winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are on one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and which have a common billing address. 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal- type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. Item #3     Packet Pg. 175     LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-3 Supersedes Sheet No E-7-3 Effective 7-1-20265 dated 7-1-20254 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kVA size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Ca acit Summer Perio $ 9.8925 $ 32.961.54 $ 42.850.79 Winter Perio $0.00 29.007.75 29.007.75 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) Item #3     Packet Pg. 176     LARGE NON-RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-4 Supersedes Sheet No E-7-4 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 177     LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-1 Supersedes Sheet No E-7-G-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This Rate Schedule applies to Customers who qualify for E-7 Service and who choose to participate in the Palo Alto Green Program. B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Commodit Distribution Public Benefits Palo Alto Green Char e Total Summer Perio Demand Char e er kW $ 12.9107 $ 32.961.54 $ 45.873.6 1 Ener Char e er kWh 0.13681278 6 0.0042002 0.0063704 0.0075 0.15488 4542 Winter Perio Demand Char e er kW $ 3.022.82 $ 29.007.75 $ 32.020.5 7 Ener Char e er kWh 0.08531797 3 0.00411393 0.0063704 0.0075 0.10329 09720 Customer Char e $/month 611.03578.08 Item #3     Packet Pg. 178     LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-2 Supersedes Sheet No E-7-G-2 Effective 7-1-20265 dated 7-1-20254 2. 1000 kWh Block Purchase Option: Commodit Distribution Public Benefits Total Summer Perio Demand Char e er kW $ 12.9107 $ 32.961.54 $ 45.873.6 1 Ener Char e er kWh 0.13681278 6 0.0042002 0.0063704 0.14738 3792 Palo Alto Green Char e er 1000 kWh block $ 7.50 Winter Perio Demand Char e er kW $ 3.022.82 $ 29.007.75 $ 32.020.5 7 Ener Char e er kWh 0.08531797 3 0.00411393 0.0063704 0.09579 8970 Palo Alto Green Char e er 1000 kWh block $7.50 Customer Char e $/month 611.03578.08 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three Item #3     Packet Pg. 179     LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-3 Supersedes Sheet No E-7-G-3 Effective 7-1-20265 dated 7-1-20254 consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has dropped below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if the Customer’s load is intermittent or subject to fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are at one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and which have a common billing address. 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile 6. Palo Alto Green Program Description and Participation Palo Alto Green Service includes the purchase by the City of Palo Alto Utilities Department of enough renewable energy credits (RECs) to match 100% of the metered energy usage at the Customer’s facility each month. Any Customer may alternately request that CPAU purchase a specific number of 1000 kilowatt-hour (kWh) blocks of RECs. CPAU will charge the Customer the Palo Alto Green Charge for each such requested block. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Item #3     Packet Pg. 180     LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-4 Supersedes Sheet No E-7-G-4 Effective 7-1-20265 dated 7-1-20254 Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 7. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a qualified line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's Electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 9. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(9)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $ 9.8925 $ 32.961.54 $ 42.850.79 Winter Period 0.00 29.007.75 29.007.75 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) Item #3     Packet Pg. 181     LARGE NON-RESIDENTIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-G-5 Supersedes Sheet No E-7-G-5 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 182     LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-1 Supersedes Sheet No E-7-TOU-1 Effective 7-1-20265 dated 7-1-20254 A. APPLICABILITY: This voluntary Rate Schedule applies to Demand metered Service for non-residential Customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodit Distribution Public Benefits Total Summer Perio Demand Char e er kW Peak $ 12.191.39 $ 17.066.33 $ 29.257.72 Max Deman 1.5646 17.066.33 18.627.79 Ener Char e er kWh Peak $ 0.194738199 $ 0.0042002 $ 0.0063704 $ 0.2053019205 Mi -Peak 0.160494999 0.0042002 0.0063704 0.171066005 Off-Peak 0.120651276 0.0042002 0.0063704 0.131222282 Winter Perio Demand Char e er kW Peak $ 1.5646 $ 15.074.42 $ 16.635.88 Max Deman 1.5646 15.074.42 16.635.88 Ener Char e er kWh Peak $ 0.130812225 $ 0.00411393 $ 0.0063704 $ 0.141293222 Mi -Peak 0.103230964 8 0.00411393 0.0063704 0.113710645 Off-Peak 0.071266660 0.00411393 0.0063704 0.081747657 Customer Char e $/month 611.03578.08 Item #3     Packet Pg. 183     LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-2 Supersedes Sheet No E-7-TOU-2 Effective 7-1-20265 dated 7-1-20254 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Energy Peak: 4:00 pm to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 2:00 p.m. to 4:00 p.m. Monday through Friday (except holidays) 9:00 p.m. to 11:00 p.m. Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day WINTER PERIOD (Service from November 1 to April 30): Energy Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Mid Peak: 9:00 a.m. to 2:00 p.m. Monday through Friday (except holidays) Off-Peak: All other hours Monday through Friday (except holidays) All day Saturday, Sunday, and holidays Demand Peak: 4:00 p.m. to 9:00 p.m. Monday through Friday (except holidays) Max Demand: All hours Every day Item #3     Packet Pg. 184     LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-3 Supersedes Sheet No E-7-TOU-3 Effective 7-1-20265 dated 7-1-20254 TYPES OF DEMAND CHARGES: The Peak Demand Charge per Kilowatt applies to the maximum peak-period Demand during the time periods noted above. The Maximum (Max) Demand charge per Kilowatt applies to the maximum Demand at any time during the month. Both Demand Charges apply in each Billing Period, and the maximum peak-period Demand and maximum Demand may occur at different times in the Billing Period depending on Customer usage patterns. SEASONAL RATE CHANGES: When the Billing Period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the Charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are on one site. A site, for the purposes of this Rate Schedule, consists of one or more Accounts which cover contiguous parcels of land with no intervening public right-of- ways (e.g. streets) and which have a common billing address. 4. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated time periods as defined under Section D.2. 5. Changing Rate Schedules Customers electing to be served under E-7 TOU must remain on said Rate Schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a Rate Schedule change to any applicable City of Palo Alto full-service Rate Schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, Item #3     Packet Pg. 185     LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-4 Supersedes Sheet No E-7-TOU-4 Effective 7-1-20265 dated 7-1-20254 a discount of 2.8 percent for available line voltages above 2 kilovolts will be offered, but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving the discount in this section. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodit Distribution Total Standby Charge (per kW of Reserved Ca acit Summer Perio $ 9.8925 $ 32.961.54 $ 42.850.79 Winter Perio 0.00 29.007.75 29.007.75 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. Item #3     Packet Pg. 186     LARGE NON-RESIDENTIAL ELECTRIC TIME OF USE ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Sheet No E-7-TOU-5 Supersedes Sheet No E-7-TOU-5 Effective 7-1-20265 dated 7-1-20254 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} Item #3     Packet Pg. 187