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File #: 19-072    Version: 1 Name:
Type: Public Hearing/General Business Status: Agenda Ready
File created: 1/9/2019 In control: Council and Authorities Concurrent Meeting
On agenda: 7/9/2019 Final action:
Title: Consideration of Silicon Valley Power Quarterly Strategic Plan Update
Consideration of Silicon Valley Power Quarterly Strategic Plan Update

On December 4, 2018, Council adopted a Strategic Plan ("Plan") for the City's Electric Utility Department, dba Silicon Valley Power (SVP). SVP is making quarterly updates to Council on the implementation of the Plan in the form of a Power Point Presentation. This is the second of those updates. Staff has scheduled future quarterly updates for September and December and will provide updates with advancing the Plan and current conditions within this industry.

SVP is a recognized industry leader with a strong history and reputation of providing excellent customer service. The electric industry is rapidly changing and undergoing a fundamental transformation shifting from a centralized resource grid toward an increasing decentralized electrical grid with distributed energy resources with more renewables (e.g. wind, solar), shifting variability in supply, and greater customer choice.

To maintain our competitive advantage and respond to these changes, the City adopted the Plan to ensure continued growth and actions that support our mission. SVP must focus on offering our customers products and services that are innovative, intuitive and engaging. The report to be presented to Council will provide an update on the implementation of the Plan as well updating Council on the current status of the utility and the current opportunities and challenges it is facing.

Staff has completed or is currently working on over half of the 30 initiatives included in the Plan. Two of the initiatives, the Electric Vehicle Blueprint and the Integrated Resource Plan, have been brought to Council for approval. The report will include updates on SVP's sales and financial position for the fiscal year, wildfire issues and current legislative and regulatory issues.

The action being considered does not constitute a "project" within ...

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