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SR 02-27-2018 3H City Council Report City Council Meeting: February 27, 2018 Agenda Item: 3.H 1 of 7 To: Mayor and City Council From: Susan Cline, Director, Public Works, Office of Sustainability & the Environment Subject: Selection of Default Phase 2 Renewable Electricity Tiers & Rates for the Clean Power Alliance of Southern California Recommended Action Staff recommends that the City Council 1. Approve the recommended tiers of renewable energy to be offered for Phase 2 commercial customers and municipal accounts. 2. Approve the transition of the City’s non-Direct Access accounts to be served by Clean Power Alliance of Southern California with the 100% renewable energy product. Executive Summary In January 2015, Council directed staff to evaluate sub-regional Community Choice Aggregation (CCA) programs as a way to achieve community-wide reductions in greenhouse gas emissions from electricity generation by providing competitively-priced electricity from renewable sources to Santa Monica homes and businesses (Attachment A). Community Choice Aggregation or Community Choice Energy (CCA) allows local governments to purchase and sell electricity to customers in their jurisdictions as an alternative to traditional investor-owned utility (IOU) power procurement (Southern California Edison is the city’s IOU). In December 2017, Council voted to join Los Angeles Community Choice Energy (LACCE), since re-named the Clean Power Alliance of Southern California (CPASC) (Attachment B) because it has expanded beyond Los Angeles County cities. CPASC will offer multiple tiers of renewable energy products to customers of member cities, with the goal of achieving higher renewables than Southern California Edison (SCE), the existing electric utility. As a member, Santa Monica can choose the default tiers of renewable energy products to be offered to Phase 2 commercial customers and municipal accounts. This selection 2 of 7 will be finalized March 1 at the CPASC Board meeting. CPASC staff have recommended that member cities select a default tier for customers from tier structure options including 36%, 50% or 100% of renewable energy. Staff recommends that Council recommend an alternative tier structure of 50%, 60-65% and 100% renewable energy, with the default product being 60-65% to maintain cost neutrality with SCE’s current base rates. In the event that CPASC does not accept the alternative tier structure, staff recommend that Council select 50% as the default tier product to be offered initially. Staff also recommends that eligible municipal accounts select the 100% tier. This recommendation would impact 13% of the City of Santa Monica’s energy accounts, at an approximate cost increase of $43,000 annually across various division utility accounts (Attachment C). Background On December 5, 2017, Council approved the first reading of the ordinance to join the Los Angeles Community Choice Energy (LACCE) and implement CCA in Santa Monica. Councilmember McKeown was selected as Santa Monica’s Director to the LACCE Board. On December 7, 2017, the LACCE Board approved electricity rates for Phase 1 (County-owned accounts). For energy supplied at 60% renewable power, 25% carbon free power, and 15% unspecified power, the County accounts would see an average 2% discount on rates compared to Southern California Edison. On January 17, 2018, the LACCE Board approved a power procurement strategy, and data and billing services for Phase 2, which would encompass all members’ municipal accounts and commercial customer accounts. Phase 2 is slated for June 2018 service launch. On February 1, 2018, the LACCE Board approved a new name: Clean Power Alliance 3 of 7 of Southern California (CPASC). Discussion Community Choice Aggregation or Community Choice Energy (CCA or CCE) allows local governments to purchase and sell electricity to customers in their jurisdictions as an alternative to traditional investor-owned utility (IOU) power procurement (California IOUs are Pacific Gas and Electric Company, San Diego Gas & Electric, Southern California Edison and Southern California Gas Company). Local governments ‘aggregate’ the electrical demand of their community and procure power on their behalf. This is known as ‘energy generation’ and is paid by kilowatt-hour (kWh). The portion of the utility bill that is associated with energy generation is remitted back to the local government. The incumbent IOU still conveys that power (transmission and distribution) to all customers and provides one utility bill to all customers (Southern California Edison is Santa Monica’s incumbent IOU). The portion of the utility bill that is associated with transmission, distribution and demand charges (paid by kilowatt priced at hourly intervals) is remitted back to the utility. CCAs are established by a local ordinance voted on by the governing body of a county, city or special district (e.g. local water agency or public utility district). No public vote or referendum is required. CCA’s are opt-out programs, which means that utility customers are defaulted into becoming a CCA customer and must actively opt-out to remain with the incumbent IOU. CPASC will launch electricity service to customers in phases: 1) LA County municipal accounts; 2) member city and county municipal accounts, and commercial customers; and 3) member city and county residential customers. The phases will initiate in February 2018, June 2018, and December 2018/January 2019, respectively. 4 of 7 On February 5, 2018, CPASC staff issued a memo instructing Board members to select their preference for default products to be offered for Phase 2 customers in their respective jurisdictions. Phase 2, which is anticipated to start in June 2018, will cover member city and county municipal accounts, and commercial customers. The memo offered Board members a three-tiered structure of 36%, 50% and 100% renewable energy (RE) products and requested members select the ‘default’ product to be offered to municipal accounts and commercial customers. Customers would have the options to opt up, down or out of the program entirely. Board members were instructed to voice their preliminary preference for a ‘default’ product to be offered (the product all customers would be offered by default) on February 12. The final tiers and rates would be approved at the CPASC Board meeting on March 1, 2018. Staff, as well as the City’s appointed CPASC Board Member Councilmember McKeown, recommend adopting a more aggressive tier structure with higher renewable energy mixes that would not increase costs over SCE’s standard rates at the ‘default’ level. While CPASC staff are not currently offering the choice of a higher RE tier structure, staff is seeking Council direction to pursue a higher RE tier structure in order to encourage CPASC staff and board members to explore that option at the March 1 Board meeting. SCE’s standard energy offering includes approximately 34% renewable energy for 2018. CPASC staff and its consultant, The Energy Authority, provided a comparison against SCE’s anticipated rates (Table 1). Staff estimates that a CPASC product of 60- 65% RE could be cost-competitive with SCE’s base rate (34% RE), based on the rates confirmed for Phase 1 CPASC accounts. This “sweet spot” of maximizing renewable sources for electricity generation provides at a rate equal to what customers pay now for a mix of energy that is far more dependent on carbon would provide a “sweet green” tier most attractive to resident and business customers looking to maximize environmental benefits while minimizing additional costs. Table 1. Estimated Rate Comparison (CPASC indicative rates vs. SCE’s rates) Clean Power Alliance Plan (prepared by CPASC staff Net Bill Discount from SCE Standard Plan (34% RE) Net Bill Discount from SCE Plans with Comparable RE 5 of 7 and contractors) Mixes 36% Renewable -4% N/A 50% Renewable -3% -12% 60-65% Renewable* Recommended Option -2% N/A 100% Renewable +7% -10% * City staff analysis extrapolated from The Energy Authority’s data. Commercial Accounts Staff recommends that the Council approve the selection of 50%, 60-65% and 100% as the preferred tier structure for all commercial customers and municipal accounts, and that the 60-65% product be the default product offered. In the event that this more aggressive tier structure is not offered, staff recommends selecting 50% as the default product within the CPASC-proposed structure (36%, 50%, 100% RE). While it may not be feasible to change the tier rate structure initially, as the new entity gains traction and customers, the cost-competitive “sweet green” level of 60-65% may be added as an option with support from member cities focused on the environmental advantages of community choice aggregation. Municipal Accounts Since 1999, the City has procured 100% renewable energy through Direct Access – a unique status under state law that allowed the City to procure electricity directly from alternative energy service providers (and not SCE) for a certain period of time. New accounts are not eligible for grandfathered status under this law. Energy prices through Direct Access are up to 40% less than SCE’s rates, allowing the City to procure renewable power at much cheaper rates than what is available from SCE and what would be available from CPASC. Currently, the City procures 100% renewable energy for its municipal accounts under Direct Access that complies with the State’s Renewable Portfolio Standard. The City pays approximately $1.4M annually to its Direct Access energy service provider for the electricity the City uses. In addition, the City pays SCE approximately $4.6M annually for its transmission and distribution services as the incumbent utility. As City operations expanded, new electricity accounts were created, but were not eligible for Direct Access 6 of 7 at the time of their creation. Of the City’s 695 electric accounts, 609 are under Direct Access and receive 100% renewable energy. The other 86 are not currently under Direct Access, and account for approximately 13% of municipal energy use (5.3 annual MWh out of the total 41.3 annual MWh). These accounts are receiving SCE’s base level of renewable energy. Staff recommends that these non-Direct Access accounts purchase energy through CPASC at the 100% renewable energy tier, bringing all accounts to 100% renewable energy and ensuring that the City is completely green-powered. Based on the preliminary analysis (Attachment C), these accounts would see a 7% increase in energy generation costs compared to SCE’s base kWh rate according to analysis prepared by The Energy Authority on behalf of the CPASC. The net impact to the affected accounts would be an approximate 5% increase, since energy generation represents only a portion of the utility bill (the remainder is for transmission and distribution). Based on preliminary analysis of the most recent month of electric bills for the City, staff estimates this 5% increase would roughly translate into a cumulative $3,580 net increase per month for all municipal accounts purchasing CPASC energy. The annual cost would be roughly $43,000. Financial Impacts and Budget Actions Recommending that the default tier for commercial energy customers in Santa Monica be 60-65% renewable would not have any fiscal impact on the City and is anticipated to be cost-neutral for those customers. Those customers would have the option to select a lower or a higher rate at their discretion. Purchasing energy from the CPASC for the City’s non-Direct Access municipal accounts is estimated to cost roughly $43,000 annually above current energy costs. If the program begins in June 2018, the estimated monthly increase of $3,580 could be covered in the FY 2017-18 operating budget in various accounts currently paying for non-Direct Access electricity. Budget approval for future years would be contingent on Council approval. 7 of 7 Prepared By: Garrett Wong, Senior Sustainability Analyst Approved Forwarded to Council Attachments: A. January 13, 2015 Staff Report B. December 5, 2017 Staff Report C. Non-Direct Access Accounts to be Transitioned to CPASC No n ‐ D i r e c t   A c c e s s   A c c o u n t s   t o   b e   T r a n s i t i o n e d   t o   C P A S C   1 0 0 %   R e n ew a b l e   E n e r g y De m a n d   ( k W ) O t h e r   C h a r g e s F e e s Ge n e r a t i o n   (k W h ) To t a l   S C E   Mo n t h l y   B i l l Ge n e r a t i o n   (k W h ) Total Monthly Bill: Fixed Charges + CPASC Rate 19 3 0   S t e w a r t   S t   U n i t   7 7 D O M 0 . 1 4 $                              1 2 . 8 0 $                            3 . 3 3 $                            1 6 . 2 7 $                        3 . 5 6 $                          1 6 . 5 0 $                      1% 16 5 8   L I N C O L N   B L V D G S ‐ 1 3 3 . 1 7 $                        1 2 . 8 0 $                            8 1 4 . 2 7 $                    8 6 0 . 2 4 $                  8 7 1 . 2 7 $                9 1 7 . 2 4 $                    7% 18 9 9   M A I N   S T G S ‐ 1 2 7 . 5 7 $                        1 2 . 8 0 $                            6 7 6 . 9 1 $                    7 1 7 . 2 8 $                  7 2 4 . 2 9 $                7 6 4 . 6 7 $                    7% 52 8   4 T H   S T   L S ‐ 3 G S ‐ 1 6 . 9 0 $                              1 2 . 8 0 $                            1 6 9 . 4 3 $                    1 8 9 . 1 3 $                  1 8 1 . 2 9 $                2 0 0 . 9 9 $                    6% 19 9 6   D E L A W A R E   A V E G S ‐ 1 0 . 4 0 $                              1 2 . 8 0 $                            9 . 7 6 $                            2 2 . 9 6 $                        1 0 . 4 5 $                      2 3 . 6 4 $                      3% 14 4 0   4 T H   S T G S ‐ 1 0 . 0 6 $                              1 2 . 8 0 $                            1 . 4 6 $                            1 4 . 3 2 $                        1 . 5 6 $                          1 4 . 4 2 $                      1% 14 2 5   C L O V E R F I E L D   B L V D G S ‐ 1 0 . 0 4 $                              1 2 . 8 0 $                            1 . 0 5 $                            1 3 . 8 9 $                        1 . 1 2 $                          1 3 . 9 7 $                      1% 15 4 0   P A L I S A D E S   B E A C H   R D G S ‐ 1 22 0 0   V I R G I N I A   A V E G S ‐ 2 1 , 7 3 3 . 0 0 $              2 2 0 . 0 0 $                        2 9 9 . 0 0 $            9 4 4 . 0 0 $                    3 , 1 9 6 . 0 0 $            1 , 0 1 0 . 0 8 $          3 , 2 6 2 . 0 8 $                 2% 33 3   C I V I C   C E N T E R   D R G S ‐ 2 1 , 4 8 6 . 0 0 $              4 1 5 . 0 0 $                        1 0 . 3 3 $                2 , 2 3 6 . 0 0 $            4 , 1 4 7 . 3 3 $            2 , 3 9 2 . 5 2 $          4 , 3 0 3 . 8 5 $                 4% 15 2 7   4 T H   S T G S ‐ 2 1 , 4 8 8 . 0 0 $              2 2 0 . 0 0 $                        4 7 5 . 0 0 $                    2 , 1 8 3 . 0 0 $            5 0 8 . 2 5 $                2 , 2 1 6 . 2 5 $                 2% 16 1 5   O C E A N   A V E G S ‐ 2 31 3 1   D O N A L D   D O U G L A S   L O O P   P G S ‐ 2 4 9 5 . 0 0 $                    2 2 0 . 0 0 $                        1 5 6 . 0 0 $            2 8 9 . 0 0 $                    1 , 1 6 0 . 0 0 $            3 0 9 . 2 3 $                1 , 1 8 0 . 2 3 $                 2% 14 1 6   3 R D   S T R E E T   P R O M E N A D E G S ‐ 2 4 5 0 . 0 0 $                    2 2 0 . 0 0 $                        1 7 9 . 7 0 $                    8 4 9 . 7 0 $                  1 9 2 . 2 8 $                8 6 2 . 2 8 $                    1% 19 9 8   D E L A W A R E   A V E L S ‐ 3 9 2 . 1 0 $                        1 2 . 8 0 $                            2 , 2 6 1 . 0 6 $            2 , 3 6 5 . 9 7 $            2 , 4 1 9 . 3 4 $          2 , 5 2 4 . 2 4 $                 7% 26 7 2   B A R N A R D   W A Y L S ‐ 3 5 8 . 5 6 $                        1 2 . 8 0 $                            1 , 4 3 7 . 4 9 $            1 , 5 0 8 . 8 4 $            1 , 5 3 8 . 1 1 $          1 , 6 0 9 . 4 7 $                 7% 25 9 9   M A R G U E R I T A   A V E L S ‐ 3 4 4 . 3 9 $                        1 2 . 8 0 $                            1 , 0 8 9 . 7 2 $            1 , 1 4 6 . 9 1 $            1 , 1 6 6 . 0 1 $          1 , 2 2 3 . 2 0 $                 7% 26 7 0   B A R N A R D   W A Y L S ‐ 3 4 0 . 6 0 $                        1 2 . 8 0 $                            9 9 6 . 7 1 $                    1 , 0 5 0 . 1 1 $            1 , 0 6 6 . 4 8 $          1 , 1 1 9 . 8 8 $                 7% 39 8   M O N T A N A   A V E   L S 3 L S ‐ 3 3 1 . 4 4 $                        1 2 . 8 0 $                            7 7 1 . 7 1 $                    8 1 5 . 9 4 $                  8 2 5 . 7 3 $                8 6 9 . 9 6 $                    7% 34 0 6   P I C O   B L V D L S ‐ 3 2 8 . 1 9 $                        1 2 . 8 0 $                            6 9 2 . 0 1 $                    7 3 3 . 0 0 $                  7 4 0 . 4 5 $                7 8 1 . 4 4 $                    7% 24 0 6   2 6 T H   S T L S ‐ 3 1 4 . 6 8 $                        1 2 . 8 0 $                            3 6 0 . 3 5 $                    3 8 7 . 8 3 $                  3 8 5 . 5 8 $                4 1 3 . 0 6 $                    7% 15 8 0   1 6 T H   S T LS ‐ 3 14 . 0 3 $                        1 2 . 8 0 $                            3 4 4 . 3 4 $                    3 7 1 . 1 7 $                  3 6 8 . 4 4 $                3 9 5 . 2 7 $                    6% 21 8 0   O L Y M P I C   B L V D LS ‐ 3 10 . 6 8 $                        1 2 . 8 0 $                            2 6 2 . 2 2 $                    2 8 5 . 7 1 $                  2 8 0 . 5 8 $                3 0 4 . 0 6 $                    6% 29 9 6   1 4 T H L S ‐ 3 8 . 9 6 $                              1 2 . 8 0 $                            2 2 0 . 0 3 $                    2 4 1 . 7 9 $                  2 3 5 . 4 3 $                2 5 7 . 1 9 $                    6% 52 6   4 T H   S T   L S ‐ 3 L S ‐ 3 8 . 7 3 $                              1 2 . 8 0 $                            2 1 4 . 2 3 $                    2 3 5 . 7 6 $                  2 2 9 . 2 3 $                2 5 0 . 7 5 $                    6% 10 5 1   A L T A   A V E   L S 3 L S ‐ 3 7 . 1 2 $                              1 2 . 8 0 $                            1 7 4 . 8 2 $                    1 9 4 . 7 4 $                  1 8 7 . 0 5 $                2 0 6 . 9 7 $                    6% 64 8   I D A H O   A V E   L S 3 L S ‐ 3 7 . 0 5 $                              1 2 . 8 0 $                            1 7 3 . 1 3 $                    1 9 2 . 9 8 $                  1 8 5 . 2 5 $                2 0 5 . 1 0 $                    6% 29 9 6   1 8 T H   S T   L S 3 L S ‐ 3 6 . 6 0 $                              1 2 . 8 0 $                            1 6 2 . 0 9 $                    1 8 1 . 4 9 $                  1 7 3 . 4 3 $                1 9 2 . 8 4 $                    6% 25 2 5   A R I Z O N A   A V E   L S 3 L S ‐ 3 6 . 1 4 $                              1 2 . 8 0 $                            1 5 0 . 6 4 $                    1 6 9 . 5 7 $                  1 6 1 . 1 8 $                1 8 0 . 1 2 $                    6% 21 6 9 A   O L Y M P I C   B L V D LS ‐ 3 5. 5 2 $                              1 2 . 8 0 $                            1 3 5 . 5 4 $                    1 5 3 . 8 6 $                  1 4 5 . 0 2 $                1 6 3 . 3 5 $                    6% 15 8 1   1 5 T H   S T LS ‐ 3 4. 4 5 $                              1 2 . 8 0 $                            1 0 9 . 2 6 $                    1 2 6 . 5 1 $                  1 1 6 . 9 1 $                1 3 4 . 1 6 $                    6% Ra t e Se r v i c e   A d d r e s s No   D a t a   A v a i l a b l e No   D a t a   A v a i l a b l e Fi x e d   C h a r g e s S C E   3 4 %   r a t e C P A S C   1 0 0 %   R E   R a t e Estimated Monthly Bill Net Impact (I n d i c a t i v e   P r i c i n g   I m p a c t   A n a l y s i s   B a s e d   o n   O n e   M o n t h ' s   U t i l i t y  B i l l ) No n ‐ D i r e c t   A c c e s s   A c c o u n t s   t o   b e   T r a n s i t i o n e d   t o   C P A S C   1 0 0 %   R e n ew a b l e   E n e r g y 27 5 1   1 6 T H   S T   L S 3 L S ‐ 3 4 . 2 8 $                              1 2 . 8 0 $                            1 0 4 . 9 7 $                    1 2 2 . 0 5 $                  1 1 2 . 3 2 $                1 2 9 . 4 0 $                    6% 23 0 2   2 0 T H   S T L S ‐ 3 2 . 4 6 $                              1 2 . 8 0 $                            6 0 . 3 6 $                        7 5 . 6 1 $                        6 4 . 5 8 $                      7 9 . 8 4 $                      6% 26 0 1   1 / 2   7 T H   S T L S ‐ 3 18 0 3   1 / 4   S t e w a r t   S t L S ‐ 3 ‐ B 1 2 . 1 9 $                        1 2 . 8 0 $                            2 9 9 . 1 3 $                    3 2 4 . 1 2 $                  3 2 0 . 0 7 $                3 4 5 . 0 5 $                    6% 16 0 1   5 T H   S T TC ‐ 1 10 6 . 9 7 $                    1 5 . 0 0 $                            1 , 1 3 4 . 1 9 $            1 , 2 5 6 . 1 6 $            1 , 2 1 3 . 5 9 $          1 , 3 3 5 . 5 6 $                 6% 34 0 4   P I C O   B L V D T C ‐ 1 1 0 6 . 9 3 $                    1 5 . 0 0 $                            1 , 1 3 3 . 7 3 $            1 , 2 5 5 . 6 6 $            1 , 2 1 3 . 1 0 $          1 , 3 3 5 . 0 2 $                 6% 60 3   P I C O   B L V D   U N I T   1 TC ‐ 1 8. 2 4 $                              1 5 . 0 0 $                            8 7 . 3 7 $                        1 1 0 . 6 1 $                  9 3 . 4 8 $                      1 1 6 . 7 2 $                    6% 24 T H   C T / M O N T A N A   A V E T C ‐ 1 $ 0 . 0 0 1 5 . 0 0 $                            $ 0 . 0 0 $ 1 5 . 0 0 ‐ $                              1 5 . 0 0 $                      0% 25 0 0   M I C H I G A N   A V E   W   A T O U ‐ 8 ‐ B 30 2   C o l o r a d o   A v e T O U ‐ G S 1 A 3 6 . 1 1 $                        1 2 . 8 0 $                            8 8 6 . 4 4 $                    9 3 5 . 3 5 $                  9 4 8 . 4 9 $                9 9 7 . 4 0 $                    7% 19 3 0   S T E W A R T   S T T O U ‐ G S 1 A 3 0 . 9 3 $                        1 2 . 8 0 $                            7 5 9 . 3 9 $                    8 0 3 . 1 2 $                  8 1 2 . 5 5 $                8 5 6 . 2 8 $                    7% 30 0 0   3 1 s t   S t   U n i t   1 T O U ‐ G S 1 A 1 7 . 6 8 $                        1 2 . 8 0 $                            4 3 4 . 0 3 $                    4 6 4 . 5 1 $                  4 6 4 . 4 1 $                4 9 4 . 8 9 $                    7% 16 3 0   2 0 T H   S T TO U ‐ G S 1 A 16 . 8 0 $                        1 2 . 8 0 $                            4 1 2 . 4 5 $                    4 4 2 . 0 5 $                  4 4 1 . 3 2 $                4 7 0 . 9 2 $                    7% 30 1 1   A i r p o r t   A v e T O U ‐ G S 1 A 1 6 . 4 8 $                        1 2 . 8 0 $                            4 0 4 . 5 6 $                    4 3 3 . 8 4 $                  4 3 2 . 8 8 $                4 6 2 . 1 6 $                    7% 30 0 0   3 1 s t   S t   S t e   8 T O U ‐ G S 1 A 1 6 . 0 0 $                        1 2 . 8 0 $                            3 9 2 . 8 3 $                    4 2 1 . 6 4 $                  4 2 0 . 3 3 $                4 4 9 . 1 3 $                    7% 25 0 0   M I C H I G A N   A V E   U N I T   B T O U ‐ G S 1 A 1 5 . 8 5 $                        1 2 . 8 0 $                            3 8 9 . 0 9 $                    4 1 7 . 7 4 $                  4 1 6 . 3 3 $                4 4 4 . 9 8 $                    7% 19 3 6   S T E W A R T T O U ‐ G S 1 A 1 5 . 0 9 $                        1 2 . 8 0 $                            3 7 0 . 3 4 $                    3 9 8 . 2 3 $                  3 9 6 . 2 7 $                4 2 4 . 1 5 $                    7% 19 3 4   S T E W A R T   S T T O U ‐ G S 1 A 1 4 . 6 0 $                        1 2 . 8 0 $                            3 5 8 . 4 8 $                    3 8 5 . 8 8 $                  3 8 3 . 5 8 $                4 1 0 . 9 8 $                    7% 33 3   C I V I C   C E N T E R   1 T O U ‐ G S 1 A 1 4 . 1 8 $                        1 2 . 8 0 $                            3 4 8 . 1 3 $                    3 7 5 . 1 1 $                  3 7 2 . 5 0 $                3 9 9 . 4 8 $                    6% 16 3 6   5 t h   S t T O U ‐ G S 1 A 1 3 . 4 7 $                        1 2 . 8 0 $                            3 3 0 . 7 0 $                    3 5 6 . 9 7 $                  3 5 3 . 8 5 $                3 8 0 . 1 2 $                    6% 19 3 2   S T E W A R T T O U ‐ G S 1 A 1 2 . 4 6 $                        1 2 . 8 0 $                            3 0 5 . 9 3 $                    3 3 1 . 1 9 $                  3 2 7 . 3 4 $                3 5 2 . 6 0 $                    6% 16 2 0   7 T H   S T TO U ‐ G S 1 A 12 . 1 5 $                        1 2 . 8 0 $                            2 9 8 . 2 2 $                    3 2 3 . 1 7 $                  3 1 9 . 0 9 $                3 4 4 . 0 4 $                    6% 20 2   1 / 2   O L Y M P I C   D R T O U ‐ G S 1 A 1 1 . 3 9 $                        1 2 . 8 0 $                            2 7 9 . 7 0 $                    3 0 3 . 8 9 $                  2 9 9 . 2 7 $                3 2 3 . 4 7 $                    6% 15 4 7   A L T A   A V E T O U ‐ G S 1 A 1 0 . 6 6 $                        1 2 . 8 0 $                            2 6 1 . 7 7 $                    2 8 5 . 2 3 $                  2 8 0 . 0 9 $                3 0 3 . 5 5 $                    6% 20 2   O L Y M P I C   D R T O U ‐ G S 1 A 8 . 1 9 $                              1 2 . 8 0 $                            2 0 1 . 0 9 $                    2 2 2 . 0 8 $                  2 1 5 . 1 7 $                2 3 6 . 1 6 $                    6% 12 0   C o l o r a d o   A v e T O U ‐ G S 1 A 7 . 9 7 $                              1 2 . 8 0 $                            1 9 5 . 5 7 $                    2 1 6 . 3 4 $                  2 0 9 . 2 6 $                2 3 0 . 0 3 $                    6% 12 0 0   P A L I S A D E S   B E A C H   R D T O U ‐ G S 1 A 7 . 1 4 $                              1 2 . 8 0 $                            1 7 5 . 3 6 $                    1 9 5 . 3 1 $                  1 8 7 . 6 4 $                2 0 7 . 5 8 $                    6% 81 0   P A L I S A D E S   B E A C H   R D T O U ‐ G S 1 A 7 . 1 2 $                              1 2 . 8 0 $                            1 7 4 . 8 6 $                    1 9 4 . 7 8 $                  1 8 7 . 1 0 $                2 0 7 . 0 2 $                    6% 28 0 0   O C E A N   F R O N T   W A L K T O U ‐ G S 1 A 6 . 4 9 $                              1 2 . 8 0 $                            1 5 9 . 4 0 $                    1 7 8 . 6 9 $                  1 7 0 . 5 5 $                1 8 9 . 8 5 $                    6% 11 0 0   P A L I S A D E S   B E A C H   R D T O U ‐ G S 1 A 6 . 4 2 $                              1 2 . 8 0 $                            1 5 7 . 6 2 $                    1 7 6 . 8 4 $                  1 6 8 . 6 5 $                1 8 7 . 8 7 $                    6% 20 0 0   O C E A N   F R O N T   W A L K T O U ‐ G S 1 A 6 . 2 6 $                              1 2 . 8 0 $                            1 5 3 . 7 9 $                    1 7 2 . 8 5 $                  1 6 4 . 5 5 $                1 8 3 . 6 1 $                    6% 15 6 1   1 7 T H   S T TO U ‐ G S 1 A 5. 9 4 $                              1 2 . 8 0 $                            1 4 5 . 7 1 $                    1 6 4 . 4 5 $                  1 5 5 . 9 1 $                1 7 4 . 6 5 $                    6% 30 0 0   3 1 s t   S t T O U ‐ G S 1 A 5 . 5 8 $                              1 2 . 8 0 $                            1 3 7 . 0 9 $                    1 5 5 . 4 7 $                  1 4 6 . 6 8 $                1 6 5 . 0 7 $                    6% 60 3   P I C O   B L V D   U N I T   2 TO U ‐ G S 1 A 4. 8 7 $                              1 2 . 8 0 $                            1 1 9 . 4 3 $                    1 3 7 . 1 0 $                  1 2 7 . 7 9 $                1 4 5 . 4 6 $                    6% 15 5   W I L S H I R E   B L V D T O U ‐ G S 1 A 2 . 6 6 $                              1 2 . 8 0 $                            6 5 . 3 7 $                        8 0 . 8 4 $                        6 9 . 9 5 $                      8 5 . 4 1 $                      6% 21 6 9 B   O L Y M P I C   B L V D TO U ‐ G S 1 A 2. 4 2 $                              1 2 . 8 0 $                            5 9 . 4 4 $                        7 4 . 6 6 $                        6 3 . 6 0 $                      7 8 . 8 3 $                      6% No   D a t a   A v a i l a b l e No   D a t a   A v a i l a b l e (I n d i c a t i v e   P r i c i n g   I m p a c t   A n a l y s i s   B a s e d   o n   O n e   M o n t h ' s   U t i l i t y  B i l l ) No n ‐ D i r e c t   A c c e s s   A c c o u n t s   t o   b e   T r a n s i t i o n e d   t o   C P A S C   1 0 0 %   R e n ew a b l e   E n e r g y 27 5 0   D O N A L D   D O U G L A S   L O O P   N T O U ‐ G S 1 A 2 . 2 4 $                              1 2 . 8 0 $                            5 4 . 9 3 $                        6 9 . 9 6 $                        5 8 . 7 7 $                      7 3 . 8 1 $                      5% 19 1 3   F R A N K T O U ‐ G S 1 A 1 . 4 9 $                              1 2 . 8 0 $                            3 6 . 6 3 $                        5 0 . 9 3 $                        3 9 . 2 0 $                      5 3 . 4 9 $                      5% 16 0 3   1 7 T H   S T TO U ‐ G S 1 A 1. 4 3 $                              1 2 . 8 0 $                            3 5 . 1 7 $                        4 9 . 4 1 $                        3 7 . 6 4 $                      5 1 . 8 7 $                      5% 30 0 0   3 1 s t   S t   S t e   9 T O U ‐ G S 1 A 1 . 1 4 $                              1 2 . 8 0 $                            2 7 . 8 7 $                        4 1 . 8 1 $                        2 9 . 8 2 $                      4 3 . 7 6 $                      5% 33 3   C I V I C   C E N T E R   D R T O U ‐ G S 1 A 0 . 7 4 $                              1 2 . 8 0 $                            1 8 . 1 1 $                        3 1 . 6 5 $                        1 9 . 3 8 $                      3 2 . 9 2 $                      4% 26 0 0   O L Y M P I C   B L V D T O U ‐ G S 1 A 0 . 1 9 $                              1 2 . 8 0 $                            4 . 6 5 $                            1 7 . 6 4 $                        4 . 9 8 $                          1 7 . 9 7 $                      2% 10 9 8   C O L O R A D O   B L V D TO U ‐ G S 1 A 0. 1 9 $                              1 2 . 8 0 $                            4 . 6 1 $                            1 7 . 6 0 $                        4 . 9 3 $                          1 7 . 9 2 $                      2% 16 2 0   2 0 T H   S T TO U ‐ G S 1 A 0. 1 9 $                              1 2 . 8 0 $                            4 . 5 6 $                            1 7 . 5 5 $                        4 . 8 8 $                          1 7 . 8 7 $                      2% 16 3 8   5 t h   S t T O U ‐ G S 1 A 0 . 0 8 $                              1 2 . 8 0 $                            1 . 9 6 $                            1 4 . 8 4 $                        2 . 1 0 $                          1 4 . 9 8 $                      1% 30 0 0   3 1 s t   S t   S t e   7 T O U ‐ G S 1 A 16 3 6   5 t h   S t T O U ‐ G S 1 A 29 5 9   3 1 s t   S t T O U ‐ G S 2 A 6 0 0 . 3 6 $                    1 2 . 8 0 $                            1 4 , 7 3 8 . 1 3 $        1 5 , 3 5 1 . 2 9 $        1 5 , 7 6 9 . 8 0 $      1 6 , 3 8 2 . 9 6 $              7% 15 5 0   P A L I S A D E S   B E A C H   R D T O U ‐ G S 2 B 2 4 7 . 0 0 $                    2 4 6 . 0 0 $                        1 8 3 . 7 5 $            9 8 . 3 1 $                        7 7 5 . 0 6 $                  1 0 5 . 1 9 $                7 8 1 . 9 4 $                    1% 16 5 4   1 9 T H   S T T O U ‐ G S 2 B 4 0 3 . 0 0 $                    2 4 8 . 1 4 $                        9 8 . 7 4 $                1 0 7 . 0 0 $                    8 5 6 . 8 8 $                  1 1 4 . 4 9 $                8 6 4 . 3 7 $                    1% 22 0 4   3 / 4   O l y m p i c   B l v d T O U ‐ G S 2 B 0 . 0 7 $                              1 2 . 8 0 $                            1 . 7 3 $                            1 4 . 6 0 $                        1 . 8 5 $                          1 4 . 7 3 $                      1% 32 2 1   D o n a l d   D o u g l a s   L o o p   S T O U ‐ G S 2 B 60 1   S A N T A   M O N I C A   B L V D T O U ‐ G S 3 ‐ B 7 , 7 0 7 . 7 4 $              5 1 6 . 0 0 $                        1 , 6 7 9 . 0 0 $    3 , 0 4 4 . 0 0 $            1 2 , 9 4 6 . 7 4 $        3 , 2 5 7 . 0 8 $          1 3 , 1 5 9 . 8 2 $              2% 13 2 4   5 T H   S T T O U ‐ G S 3 ‐ B 3 , 1 9 0 . 0 0 $              1 , 0 7 8 . 0 1 $                1 , 0 7 0 . 0 0 $    6 , 1 4 1 . 0 0 $            1 1 , 4 7 9 . 0 1 $        6 , 5 7 0 . 8 7 $          1 1 , 9 0 8 . 8 8 $              4% 22 2 5   1 6 T H   S T T O U ‐ P A 2 B 9 3 4 . 5 8 $                    4 1 . 6 3 $                            4 3 4 . 8 4 $            6 7 4 . 0 0 $                    2 , 0 8 5 . 0 5 $            7 2 1 . 1 8 $                2 , 1 3 2 . 2 3 $                 2% TO T A L 7 9 , 1 5 8 . 8 6 $        8 2 , 7 3 8 . 9 7 $              5% Mo n t h l y   N e t   D i f f e r e n c e 3 , 5 8 0 . 1 1 $                 No   D a t a   A v a i l a b l e No   D a t a   A v a i l a b l e No   D a t a   A v a i l a b l e (I n d i c a t i v e   P r i c i n g   I m p a c t   A n a l y s i s   B a s e d   o n   O n e   M o n t h ' s   U t i l i t y  B i l l )