PG&E Corporation · AMEX:PCG/PA
PG&E — Investor Presentation (December 2017)
21 slides from PG&E's investor presentation, Dec 12, 2017
Slide 1: RES-BCT
Current as of 12/12/2017 RES-BCT 1
Slide 2: What is RES-BCT?
What is RES-BCT? • RES-BCT stands for Renewable Energy Self-Generation Bill Credit Transfer. • Schedule RES-BCT program allows a “Local Government” with one or more eligible renewable generating facilities to export energy to the grid and receive generation credits for benefitting accounts of the sa
Slide 3: Local Government
Local Government – a city, county, whether general law or chartered, city and county, special district, school district, political subdivision, or other local public agency, or a joint powers authority (JPA) formed pursuant to the Joint Exercise of Powers Act that has as members public agencies loca
Slide 4: Generating Account
Generating Account • Account which serves the eligible renewable generator. • Must be no more than 5MW in capacity. • Must be on TOU rate. • Must take Bundled service. • Is interconnected with PG&E’s electric system. • Meets the Renewables Portfolio Standard (RPS) definition (as defined in PU code s
Slide 5: Benefitting Account
Benefitting Account • Any electric account eligible to receive generation credit elected by the Local Government. • Must be located within the geographical boundary of the same Local Government, or for a campus, within the geographical boundary of the city or city and county. • Owned, operated, or o
Slide 6: Arrangement Requirements
Arrangement Requirements • Arrangement is defined as the pairing of a Local Government’s Generating Account(s) along with the designated Benefitting Account(s) that will be receiving the allocated export credits. • A Local Government can have more than one Arrangement but each Arrangement must have
Slide 7: Case Study: Geographical Boundary
Case Study: Geographical Boundary Summary: Local government of Mendocino County is in control of properties in Mendocino County (represented by ), and the local government is also in control of one building in Sonoma County (represented by ). Would this arrangement be eligible for RES-BCT? Based on
Slide 8: Case Study: Campus
Case Study: Campus Summary: Berkeley is a university with multiple locations. It has a Generating Account located at the Berkeley Campus. At which Campuses can the Benefitting Accounts be located? San Francisco Campus Berkeley Campus San Mateo Campus Berkeley Campus is eligible to have Benefitting A
Slide 9: Metering Requirements
Metering Requirements • A Generating Account under RES-BCT must have PG&E TOU metering: – Capable of separately registering the flow of electricity in two directions. – Capable of allowing PG&E to bill the Generating Account for its usage according to its TOU Otherwise Applicable Schedule (OAS). – C
Slide 10: Typical Generating Account Metering
Typical Generating Account Metering • Net Generation Output Meter (NGOM) is not needed. • The meter must be capable of separately registering the flow of electricity in two directions (interval meter). • Only the exports from meter are used for credit not the NET • May be situated at an existing cus
Slide 11: Costs
Costs • Application Cost for RES-BCT is $800 • The Local Government is responsible for all interconnection costs. • The Local Government is responsible for all meter related costs if it does not have the metering necessary to bill on this tariff. • The costs associated with the transfer of a Bill Cr
Slide 12: Important Citations
Important Citations PU Code 2830: all costs associated to the metering shall be the responsibility of the local government for RES-BCT projects. • Paragraph 2: A benefitting account receives service under a time-of-use rate schedule. • Paragraph 4: The electrical output of the eligible renewable gen
Slide 13: Allocation of Credits
Allocation of Credits • The Utility will ask the Local Government to designate the Benefitting Accounts and percentage allocation per Benefitting Account at the time of interconnection. • Energy credits (known as “Bill credits”) are calculated monthly by multiplying the TOU generation component (gen
Slide 14: Example: RES-BCT Allocation
Example: RES-BCT Allocation LG Account #4 Solar Panels at Generating Account 10% Example: Solar Generation at Generating Account = 2000kWh LG Account #3 Load at Generating Account = 1000kWh 15% Export from Generating Account = 1000kWh OAS Generation Rate Schedule = $0.10/kWh 1000kWh x $0.10/kWh = $1
Slide 15: True-Up and Changes to Accounts
True-Up and Changes to Accounts • Each month unused Bill Credits are carried over to the following month until the completion of 12 months. • At the end of 12 months, any unused Bill Credits are: • First, netted (gen credit to gen charges) for each benefitting account over its true-up period (Accoun
Slide 16: Standby and Non By-passable Charges
Standby and Non By-passable Charges • Standby: RES-BCT customers are NOT exempt from Standby charges. • Departing Load Charges: RES-BCT customers pay Departing Load Charges on load served by the generator only at the Generating Account. These charges are billed via a separate departing load charge s
Slide 17: How to apply and where to learn more
How to apply and where to learn more Website: www.pge.com/resbct 17
Slide 18: FAQ
FAQ 18
Slide 19: FAQ
FAQ Question 1: The current RES-BCT customer (local government) owns a multifamily housing project. The local government pays for the utility bill portion for the common area, but the tenants are paying their own utility bill. Can the local government add the common area and the tenants on their cur
Slide 20: FAQs
FAQs Question 3: The current RES-BCT customer (local government) owns a building in a different county and wants to add that building to their benefitting account. Can the local government do that? Answer 3: No, all of the accounts (generating and benefitting accounts) have to be in the same geograp
Slide 21: Where to Learn More
Where to Learn More • Web Tariff Book: (RES-BCT) – https://www.pge.com/tariffs/index.page – ‘Electric Rate Schedules’ dropdown menu • RES-BCT FAQ – www.pge.com/resbctfaqs 21