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Finance Pilot Rollout Schedule

Finance Pilot Rollout Schedule. Frank Spasaro, SoCalGas Saul Gomez, CAEATFA. CPUC Workshop: August 16, 2013. CAEATFA Background. Board Members: Bill Lockyer , State Treasurer and Chair John Chiang, State Controller Ana J. Matosantos , Department of Finance

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Finance Pilot Rollout Schedule

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  1. Finance Pilot Rollout Schedule Frank Spasaro, SoCalGas Saul Gomez, CAEATFA CPUC Workshop: August 16, 2013

  2. CAEATFA Background Board Members: • Bill Lockyer, State Treasurer and Chair • John Chiang, State Controller • Ana J. Matosantos, Department of Finance • Michael R. Peevey, California Public Utilities Commission • Dr. Robert B. Weisenmiller, California Energy Commission • Phone: (916) 651-8157 Email: caeatfa@treasurer.ca.gov Website: http://treasurer.ca.gov/caeatfa/

  3. Approach Used to Develop Pilot Roll-Out Schedule • We developed the schedule based on the following approach. • Identify the requirements laid out in the PD and in CAEATFA policies and procedures to implement finance pilots. • Identify mechanisms to speed up as much as possible the pilot roll-out, given inter-dependencies. • Overlay the first two steps with operational requirements for a successful pilot roll-out.

  4. Proposed Decision Requirements • The PD required a series of 9 Advice Letters as follows: • The PD also referenced filings related to a marketing plan and revisions to the Emerging Technologies program, which may be filed through an advice letter.

  5. CAEATFA Budgetary and Contracting Requirements Agreements • Budgetary Authority • CAEATFA must obtain to serve as EEFE • Joint Legislative Budget Committee decision expected within 45 days of CPUC Final Decision

  6. CAEATFA Rulemaking Process Regulations • Development • Includes public workshops and public comment opportunities • CAEATFA Board approval • Emergency rulemaking • Submitted to Office Administrative Law (OAL); approval 15 days after submission • Effective for 180 days; plus two 90 day readoptions • Regular rulemaking • Submitted and approved by OAL • Must be completed prior to expiration of emergency regulations

  7. Mechanisms to Speed Up Finance Pilot Roll-Out (1) • We identified several mechanisms that will speed roll-out of the Pilots, while considering interdependencies among many process steps. • Avoid process duplication • One procurement process should take place for all contracts required to roll out pilots. A single procurement implies that SCG not serve as a Start-Up EEFE, but instead act in a consultative role to CAEATFA. • CAEATFA is not allowed to assume a contract that has been entered in to by another party. • This mechanism assumes that CAEATFA receives all approvals necessary to become the final EEFE.

  8. Mechanisms to Speed Up Finance Pilot Roll-Out (2) • Adopt a phased approach to the pilots. • A phased roll-out enables some pilots to launch more quickly than others, recognizing that some pilots are more complex than others. • The phased approach enables early roll-out of pilots that do not require: • High volume on-bill capabilities. • A Master Servicer • We recommended bundling the pilots in three phases: • Pre-Development Pilots • Multi-Family Pilot with no ratepayer funded credit enhancement • Energy Financing Line Item Charge • Fast-Track Pilots • Single Family pilot • Off-utility bill lease pilot [Not approved in PD] • Regular Track Pilots • Remaining On-Bill Repayment Pilots

  9. Mechanisms to Speed Up Finance Pilot Roll-Out (3) • Minimize and Speed Up Approval Processes • Minimize Approvals required by allocating roles and responsibilities in a way that leverages existing authority. For example: • Place marketing and outreach capacity with IOUs because CAEATFA, by statute, cannot conduct direct public outreach • Place contractor approvals with IOUs to leverage existing IOU contractor relationships and management capacity. • Speed up approvals by preparing all relevant parties (CAEATFA board, DoF) to receive approval requests.

  10. Mechanisms to Speed Up Finance Pilot Roll-Out (4) • Reduce number of required advice letters and/or PIPs • Some advice letters may not be necessary or required, and others may be able to be combined. • Eliminating or combining advice letters will reduce time required to approve and then release RFPs or other program elements. • We have suggested:

  11. Operational Requirements for Pilot Roll-Out • Operational requirements include: • Master servicer: • Establish all data and cash interface with financial product originators and utilities. • Establish data collection mechanisms pursuant to CPUC/CAEATFA guidance. • Develop all required IT system build-out (after selection of Master Servicer) • Develop financial institution qualification requirements • Develop credit enhancement protocols • Develop and begin marketing, education and outreach program. • Develop contractor qualification process.

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