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22
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2016
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100416
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/4/2016
DESTRUCT DATE
15Y
DOCUMENT NO
21
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represent potential that is underrepresented in both the current offerings of PG&E programs <br /> and underrepresented in the past CPUC potential studies. <br /> Increased Use of Market Ready Funding and Financing Products. A CCA may be an <br /> effective platform from which to increase awareness and use of a broad array of market ready <br /> funding and financing mechanisms, some of which are designed specifically to achieve <br /> sustainability goals. Expanding the use of these mechanisms has several benefits, including an <br /> existing market capacity to lend, along with the potential for very cost effective delivery of <br /> energy efficiency without the need for rebates or other financial incentives. In general, funding <br /> and financing may be defined in two categories including 1) infrastructure and public facilities <br /> projects and 2) customer market financing. The following provides a brief description of each, <br /> and a list of over 50 currently available financing and funding tools can be found in Appendix B: <br /> • Infrastructure and Redevelopment Public Funding and Financing. These are the mechanisms <br /> that will be selected by city planners and financiers to accomplish large redevelopment and <br /> water projects and generally include grant funding, land based financing tools such as tax <br /> increment financing, and usage fees. <br /> • Residential and non-residential funding and financing. These are the tools that will be used <br /> to implement sustainability projects in the residential and non-residential facilities that are <br /> included within priority areas, and community wide in both existing building and new <br /> construction applications through these mechanisms. These include commercial loan <br /> products such as home equity lines and utility on bill products, targeted federal agency <br /> products such as VA or HUD loans, state agency products such as SAFEBIDCO and COIN, <br /> and tax increment financing products such as PACE financing. <br /> More aggressive use of these market ready funding and financing programs to implement <br /> sustainability projects may offer the opportunity for a CCA program that leverages private <br /> capital in lieu of rebates to achieve various County sustainability goals. <br /> High Opportunity Programs and Projects (HOPPs). In October 30, 2015, an amended <br /> scoping memorandum expanded the `Rolling Portfolios' proceeding scope to include the <br /> implementation of AB 802. It established a process specifically for addressing"High <br /> Opportunity Programs or Projects" (HOPPs). HOPPs expanded to target increased energy <br /> efficiency of existing buildings, including"stranded potential"via AB 802's new approaches to <br /> valuing and measuring savings. HOPPs are intended to focus on interventions (and associated <br /> intervention strategies and savings measurement regimes that program administrators could not <br /> previously undertake). The following outlines some of the HOPPs currently being proposed or <br /> deployed as pilot programs at the time of this analysis. <br /> • The Residential Pay-for-Performance(P4P) HOPP (PG&E). This pilot seeks to develop a <br /> scalable model for residential retrofits that leverages rapidly emerging market actors and <br /> products while minimizing administrative and implementation costs. The program will seek <br /> out parties referred to as "Aggregators"who will either directly or through a network of <br /> contractors perform energy efficiency interventions in customers' homes with the goal of <br /> maximizing measureable savings. Aggregators may consist of existing energy efficiency <br /> market participants, such as Property Accessed Clean Energy(PACE) loan providers, smart <br /> thermostat vendors, vertically integrated contractors,program implementers, and/or new <br /> F-25 <br /> l - <br />
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