HomeMy WebLinkAbout2021-07-29; Clean Energy Alliance JPA; ; Clean Energy Alliance Risk Oversight Report~-
CLEAN ENER.GY ALLIANCE
Staff Report
DATE: July 29, 2021
TO:
FROM:
Clean Energy Alliance Board of Directors
Barbara Boswell, Interim Chief Executive Officer
ITEM2: Clean Energy Alliance Risk Oversight Report
RECOMMENDATION
Receive and File the Clean Energy Alliance (CEA) Risk Oversight Committee Report.
BACKGROUND AND DISCUSSION
The CEA Energy Risk Management Policy sets forth that the Chief Executive Officer shall create a Risk
Oversight Committee (Committee) which shall meet at least quarterly. Pursuant to the Policy, a
Committee has been established with the CEA Board Chair, Chief Executive Officer, Treasurer, General
Counsel and Technical Consultants as members.
The Committee has held meetings on February 4, June 2, and July 19. At the meetings the Committee
has reviewed CEA's energy supply needs, planned procurement activities, portfolio planning and
position management, and compliance with CEA's Risk Management Policy. The Committee has found
that CEA is compliant with its Energy Risk Management Policy related to its energy portfolio
management.
At its July 19,2021 meeting, the Committee reviewed CEA's long/term renewable energy procurement
and contracting requirements and evaluated the contracting options being considered. After
consideration, the Committee recommended continuing negotiating with San Diego Gas & Electric and
one other supplier and for the agreements to be brought to the Board for consideration and approval.
In addition, the Committee directed a new solicitation be initiated seeking proposals for long/term
renewable energy to fill CEA's remaining long/term renewable energy needs, with an emphasis on
projects within San Diego County.
FISCAL IMPACT
There is no fiscal impact by this action.
ATTACHMENTS
None