HomeMy WebLinkAboutItem 02 - Monterey Community Power PresentationMBCP Annual lY
Agency Update
(soon to be Central Coast Comi
City of San Luis Obisl
June 16, 2020
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Monterey Bay
Community Power
• MBchoice — carbon
free offering
• MBprime — 100%
renewable offering
• 94% enrollment
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IL REASED SAVIP
ROACTIVE FOR 7
• $12 million —
Energy programs
• $17.2 million —
Customer savings
• $25 million —
Resiliency Fund
• Contracts with Local
Vendors Over
$800,000
• 28 full time employees
• 2 offices — Monterey &
San Luis Obispo
• Over $120 Million in 221 MWs of New
Reserves Renewables including
75 MWs of
• Service and Loans geothermal
Paid Off Est. 560,000 metric
• Pursuing Credit tons of GHG
Rating Emissions offset
Monterey Bay
Community Power
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66%1-1W
LARGE
HYDROELECTRIC
MBprime
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RENEWABLE
Geothermal 12/4 5o�l� 5o�/O
Solar 11%
Wind 11% WIND SOLAR
Biomass & Biowaste 0.3%
PRIMARY OFFERING AT A SAVINGS
100io
RENEWABLE
Values based an 2018 actual deliveries and will vary year to year.
$0.008/kWh MORE THAN MBchoice
® Monterey Bay
Community Power
• Rosamond, Kern County - California
• Online:2021
• Term: 20 years
• Lemoore, Kings County - California
• Online:2021
• Term: 15 years
• Kern County - California
• Online:2022
• Term: 15 years
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Monterey Bay
Community Power
• Clark County - Nevada
• Online: 2022
• Term: 20 years
• Monterey County - California
• Online: 2022
• Term: 10 years
• Mammoth & Inyo Counties - California
• 2 PPAs:
• Online: 2021
• Term: 15 years
By 2025, MBCP estimates 40% of our energy demand �Monterey Bay
will be met by new renewable energy projects Community Power
SAN LUIS OBISPO BY
THE NUMBERS
• 22,979 enrolled accounts
• 97.23% enrollment
City Accounts Savings
• 2020 - $277120
Community Savings
• 2020 - $17740, 861
Monterey Bay
Community Power
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• Unanimous support from boards
• All customers benefit
• No action needed
7% Savings 50% Off 2% Savings
MBCP customers receive a All MBCP MBCP customers will continue
monthly discount compared Electric Generation to save, monthly, compared
to PG&E rates Charges to PG&E rates
MBCP customers can expect a 50% rate reduction on their May and June
electric bills as a response to provide financial relief to all customers.
mbcp.org/covid-response
•IM I,
• 50% of MRCP Electric
Generation Charges deferred
in May and June 2020
• Cumulative bill
reduction estimated $22.4
Million
• $6.45 million for
residential customers
• $10.95 million for
commercial customer
• $5.03 million for
agriculture customers
4401 Monterey Bay
Community Power
Programs from FY 19/20
CAL -VIP EV infrastructure program
0.:
.. Affordable Housing/MUD Electrification Grants
0
• • •
- -' - - � • In . School Bus Electrification
Agriculture Electrification
Residential Electrification
' and resiliency `�
yResidentialResiliency
W_ GHG inventories for member agencies
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• Reach code incentive for member agencies
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$25 Million Total Investment
Public Sector ($20 million) —
Available now
• Low cost financial support
• Open to public
customers i.e member agencies,
schools, hospitals, water
district etc.
• Project funding, ownership, and
asset management will be
determined on a case -by -case
basis
Private Sector ($5 million in loan
guarantee) — Launch TBD
• Low -interest financing
• First -come, first -serve basis
• Funding loan at discretion of
selected bank
4QMontereyBayCommkinity ENERGYPROGRAMS
$25MM U N I NTER RU PTI BLE POW EIS SU PPL# FUN D PROG RAM
The UPS Fund Program Provides Lover -Cost
Opportunities to Ensure Energy Resiliency
for Public and private Sectors.
Monterey Bay
Community Power
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A UNIFIED CENTRAL
COAST CCA
Key Updates:
• Establishment of Annual Meeting ON Sept
2 & 3, 2020
• Name Change to "Central
Coast Community Energy" effective Sept.
452020
• Opened Satellite Office in San Luis Obispo
—April 2020
• Launch of new cost-plus rate structure in
January 2021
4QMonterey Bay
Community Power
j www.mbcommunitypower.org
►^ info@mbcp.org
i.888.9og. M BCP
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check our extensive FAQ section on the website.
Monterey Bay
Community Power