Notice of Regular Meeting City of Alameda Public Utilities Board

NOTICE OF REGULAR MEETING CITY OF ALAMEDA PUBLIC UTILITIES BOARD

Alameda Municipal Power Service Center 2000 Grand Street, Conference Room A/B (Corner of Clement Avenue) Alameda, CA 94501

Monday, February 25, 2019 at 7:00 P.M. 1. Roll Call

2. Oral Communications – Non Agenda (Public Comment) Members of the public are invited to address the Board on any subject related to the activities of Alameda Municipal Power not otherwise appearing on the Agenda.

3. Special Presentation

Documents:

PRESENTATION FROM RKS RESEARCH AND CONSULTING.PDF

4. Consent Calendar Consent Calendar items are considered routine and will be enacted, approved or adopted by one motion unless a request for removal for discussion or explanation is received from the Board or a member of the public:

Documents:

A1. MINUTES - SPECIAL MEETING - JANUARY 28, 2019.PDF A2. MINUTES - REGULAR MEETING - JANUARY 28, 2019.PDF B. LISTING OF BILLS PAID - JANUARY 2019.PDF C. FINANCIAL REPORT - DECEMBER 2018.PDF D. TREASURERS REPORT FOR THE MONTH ENDING DECEMBER 31, 2018.PDF

5. Agenda Items

Documents:

A . FOR INFORMATION ONLY, UPDATE ON FISCAL YEAR 2019 CAPITAL IMPROVEMENT PLAN PROJECTS.PDF

6. General Manager's Report

Documents:

A. GENERAL MANAGERS REPORT - JANUARY 2019.PDF

7. Council Communications

8. Board Communications

9. Oral Communications – Non Agenda (Public Comment) Members of the public are invited to address the Board on any subject related to the activities of Alameda Municipal Power not otherwise appearing on the Agenda.

10. Adjournment

l Each member of the public who wishes to speak is afforded up to 5 minutes per agenda item, which may be increased or limited by the presiding officer. l Sign language interpreters will be available on request. Please contact Hayley Wise at -510-748-3908 or 510-522-7538 (TDD number) or EMAIL at least 72 hours before the meeting to request an interpreter. l Accessible seating for persons with disability (including those using wheelchairs) is available. l Minutes of the meeting are available in enlarged print. l Audiotapes of the meeting are available upon request. l Please contact Hayley Wise at 748-3908 or 522-7538 (TDD number) or EMAIL at least 72 hours prior to the meeting to request agenda materials in an alternative format, or any other reasonable accommodation that may be necessary to participate in and enjoy the benefits of the meeting.

Documents related to this agenda are available for public inspection and copying at Alameda Municipal Power’s Service Center – 2000 Grand Street during office hours.

Know Your Rights Under the Sunshine Ordinance

Government’s duty is to serve the public, reaching its decisions in full view of the public.

Commissions, boards, councils and other agencies of the City of Alameda exist to conduct the citizen of Alameda’s business. This ordinance assures that deliberations are conducted before the people and that City operations are open to the people’s review.

For more information on your rights under the sunshine ordinance or to report a violation of the ordinance, contact the Open Government Commission:

l 2263 Santa Clara Avenue Room 380 Alameda, CA, 94501 l Phone: 510-747-4800 l Fax: 510-865-4048 l EMAIL CITY CLERK LARA WEISIGER

In order to assist the City’s efforts to accommodate persons with severe allergies, environmental illnesses, multiple chemical sensitivity or related disabilities, attendees at public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City accommodate these individuals.

[Section 2-91.13 (d) - Sunshine Ordinance] NOTICE OF REGULAR MEETING CITY OF ALAMEDA PUBLIC UTILITIES BOARD

Alameda Municipal Power Service Center 2000 Grand Street, Conference Room A/B (Corner of Clement Avenue) Alameda, CA 94501

Monday, February 25, 2019 at 7:00 P.M. 1. Roll Call

3. Special Presentation

Documents:

PRESENTATION FROM RKS RESEARCH AND CONSULTING.PDF

Documents:

5. Agenda Items

Documents:

A . FOR INFORMATION ONLY, UPDATE ON FISCAL YEAR 2019 CAPITAL IMPROVEMENT PLAN PROJECTS.PDF

6. General Manager's Report

Documents:

A. GENERAL MANAGERS REPORT - JANUARY 2019.PDF

7. Council Communications

8. Board Communications

10. Adjournment

Documents related to this agenda are available for public inspection and copying at Alameda Municipal Power’s Service Center – 2000 Grand Street during office hours.

Know Your Rights Under the Sunshine Ordinance

Government’s duty is to serve the public, reaching its decisions in full view of the public.

For more information on your rights under the sunshine ordinance or to report a violation of the ordinance, contact the Open Government Commission:

l 2263 Santa Clara Avenue Room 380 Alameda, CA, 94501 l Phone: 510-747-4800 l Fax: 510-865-4048 l EMAIL CITY CLERK LARA WEISIGER

[Section 2-91.13 (d) - Sunshine Ordinance] Alameda Municipal Power 2018 Proprietary Residential Customer Oversample February 25, 2019

Presented by :

AGENDA ITEM NO.: 3.A MEETING DATE: 02/25/2019 Agenda

• Objectives & Methodology • Key Performance Metrics • Energy Efficiency & Rooftop Solar • Driving Habits & Likelihood of EVs • Conclusions

2 Study Objectives & Methodology

Objectives • Update AMP’s utility performance metrics

AMP 2016 Vs. AMP 2018 Vs. CA Muni 2018 • Compare: • Cover other areas of interest such as solar and electric vehicles

AMP Methodology • 239 survey completes (100 phone; 139 online) • Conducted November 27 - December 21, 2018 • AMP identified as the sponsor; respondents promised confidentiality and anonymity

CA Muni 2018 Benchmark Another phase – a survey • 1,702 online survey completes research among Electric Vehicle • Conducted May - June 2018 Owners is coming – in production and results due in March 2019.

3 Environment Factors

AMP power outage in the weeks before the survey launched Outage at 5:45 a.m., lasting more than an hour on a weekday morning. It affected 20,200 customers.

PG&E fires and bankruptcy There has been a lot of negative news in the Bay Area.

Installation of smart meters Overall installation process was smooth; however, customer portal has not launched.

4 AMP’s Key Performance Metrics

5 Overall Satisfaction with AMP Falls in 2018; Remains Much Stronger than Statewide

Overall Satisfaction “Very Satisfied”

85% And…far above statewide average +18% 75% 57% 54%

AMP 2016 AMP 2018 CA MUNI 2016 CA MUNI 2018

Owners and Renters hold the same views. However, there is a divide Statewide.

Owners Renters Owners Renters VS VS 77% 74% 64% 53%

6 Overall Satisfaction Grows with Tenure

Overall Satisfaction ”Very Satisfied”

83% 80% 74% 78% 75% 66% 60%

AMP 2018 < 1 year 1-2 years 3-4 years 5-9 years 10-16 years Over 16 years Percentage in each age group 12% 15% 13% 15% 18% 26%

Mean:12 years

7 Assessing AMP’s Services and Programs— Same or Better

AMP’s Programs and Services Overall 74%

Tenure 10+ years 30% 16% 4% Tenure <1 year 2% Improved Stayed The Same Gotten Worse

8 Nearly Two-Thirds Express Great Trust in AMP’s Image as Trusted Source

Trust in AMP does not show much variation Trust in AMP by tenure of living within Alameda

And…far above statewide average +15% 67% 63% 48%

AMP 2016 AMP 2018 CA MUNI 2018

9 AMP Is Overwhelmingly Preferred Supplier of Electricity

If you were able to choose any company to supply your electricity, which would you choose?

Current Utility Company AMP 67% A Telecommunication Company Like ATT or Comcast 2% A Company That Installs Solar Panels 13%

PG&E 2%

Some Other Company 4%

Not Sure 12%

10 Slight Decline in Power Reliability But Still Far Above Statewide

Power Reliability: Excellent

And…far above statewide average +18% 93% 89% 73% 71%

AMP 2016 AMP 2018 CA MUNI 2016 CA MUNI 2018

11 Power Outage Occurrence Jumps

Power Outage Experience in the Past 12 Months

53%

23%

AMP 2016 Yes AMP 2018

12 Satisfaction with AMP Power Restoration Falls in 2018

Power Restoration Rating

Excellent

84% 70%

AMP 2016 AMP 2018

13 Visiting AMP’s Website, Phoning AMP or Using Social Media Are the Top Information Sources on Outages

When you have a power outage, where do you go for information on the outage?

29% 24% 24%

11% 8%

Visit AMP website Call AMP Use Social Media AMP Facebook or Wait it out Twitter

14 Three in Ten Have Contacted AMP in Past Year

Most call. Who 33% CSR 69% 65% Automated 22% service Contacted Did not contact Someone 7% else

Satisfaction with the most recent contact decreased slightly

82% 77% And…far above statewide average +24% 59% 53%

AMP 2016 AMP 2018 CA MUNI 2016 CA MUNI 2018 15 AMP’s Customer Service Compared to Others — Over Half Call It “Among Best” or “Above Average”

AMP’s Customer Service Compared to Other Service Providers Among those who contacted in last 12 56% months…66%

33% 38% 24% 22% 18% 19% 4% 7%

Among The Best Above Average About Average Below Average/ worst

AMP 2016 AMP 2018

16 AMP Price Satisfaction Stable in 2018

Tenure 5 years or less Satisfaction with Price Paid for Electricity 61% 57% 54% And…far above statewide average +17% 37%

AMP 2016 AMP 2018 CA MUNI 2018 Statewide unchanged

17 Most Believe Alameda Realizes Great Benefit from Having Own Utility

Utility Preference - Great Benefit

66% 57% And…far above statewide average +21%

36%

AMP 2016 AMP 2018 CA MUNI 2018 Statewide unchanged

18 Communication Effectiveness Remains Stable

How Effective Is AMP’s Communications Aimed at Customers Like You?

53% 52%

AMP 2016 AMP 2018 Very Effective AMP Communication Effectiveness increases with customers’ age. 66% 61% 51% 43%

18-34 35-54 55-64 65+ Very Effective 19 Email Is Preferred Way For AMP To Share Information With Customers

Two or Three Best Ways for AMP to Share Information with Customers

Email 64% Mail 23% Bill 16% Website 11% Text 11% Social Media 10% Call me 7%

20 Energy Efficiency and Rooftop Solar

21 Almost Nine in Ten AMP Customers Call Climate Change A Very Serious Problem

AMP customers’ “very serious” score is a full 30 points above the statewide average.

How serious problem is a climate change?

87%

57%

AMP 2018 Very Serious CA MUNI 2018

22 Most AMP Customers Believe They Are Knowledgeable about Actions They Can Take to Reduce Energy Usage

How knowledgeable are you about actions you can take to reduce your energy usage in your home and save money? 72% 49% 59% 34%

72%

AMP 2018 Tenure <1 year Tenure 1-5 Tenure 5-10 Tenure > 10 years years years Know A Lot Customers with longer tenure are more knowledgeable about actions to reduce energy usage.

23 Rooftop Solar: Very Few in Alameda Have or Are Interested Compared to Statewide

Does your home presently have a solar system?

15% 3%

AMP 2018 CA MUNI 2018

Likelihood to acquire solar panels on your home over the next 12 months

13% 6%

Very Likely AMP 2018 CA MUNI 2018 24 Driving Habits and Likelihood of EV

25 Most Alameda Customers Drive Fewer than 20 Miles Daily

About how many miles a day do you drive every day? 69%

14% 5% 3% 3%

Less 20 miles 20-39 miles 40-59 miles 60-79 miles Over 80 miles per day per day per day per day per day

AMP 2018

26 One in Five AMP Customers Expect to Acquire Any Car Within Next 12 Months

How likely will you or someone else in your household buy or lease an automobile within the next 12 months 26% 19%

Very Likely

AMP 2018 CA MUNI 2018

27 Half of Those in Market for Any Car within Next Year Would Seriously Consider an EV

Would Seriously Consider Buying or Leasing an EV

51% 39%

Very Seriously

AMP 2018 CA MUNI 2018

Homeowners are more likely to consider EV.

Owners Renters VS 60% 41%

28 Obstacle Standing in Way of Alameda EV Ownership – Knowledge about EVs

Knowledge about electric vehicles

42%

AMP 2018

Know A Great Deal

Among those that state they are seriously And, 40% say they have driven an considering an EV, 61% say they know a EV. great deal about them.

29 Motivators Making It More Likely to Acquire an EV – Tax Incentives, Charger Availability, and Utility Rebates

“Seriously Consider What would make you more likely to buy/lease EV? EV” 49% 66% Tax incentives 36% 47% 61% Availability of charger at home 34% 34% 48% Utility rebate 33% 26% 41% Availability of charger at work 22% 12% Someone I know has one and likes it a lot 16% 8% Unbiased info 15% 32% 52% HOV sticker availability 14% 5% Already have one/plan to get another 7% 3% Lower cost 0% 3% Longer distance per charge 0% AMP 2018 CA MUNI 2018

30 Travel Distance Between Charges and Hassle Finding Charging Points Are Among Main Reasons not to Purchase EV

Main Reasons For Not Considering EV:

More hassle (finding charging points, 73% planning journeys)

Range (distance can travel btwn charges) 73%

Design 46%

Price 36%

Lack of knowledge about EV's 27%

31 Conclusions

32 2018 results are mixed.

AMP suffered significant declines AMP maintained customer in the following areas: support in the following areas:

Overall Satisfaction Trust

Power Restoration However Power Reliability

Municipal is Benefit Price Satisfaction

AMP’s Opportunities: • Launch the customer portal as soon as possible • Reinforce the benefits of having a community-owned municipal utility • Prepare for electric vehicles in town • Keep younger customers in mind when creating and channeling communications

33 AGENDA ITEM NO.: 4.A1.1 MEETING DATE: 02/25/2019 DRAFT MINUTES OF THE SPECIAL MEETING CITY OF ALAMEDA PUBLIC UTILITIES BOARD

January 28, 2019

1. ROLL CALL

President McCormick called the meeting to order at 6:00 p.m. On roll call, the following commissioners were present: President McCormick, Commissioner Serventi, Commissioner Gould, Commissioner Giuntini and City Manager Rudat.

2. ORAL COMMUNICATION – NON AGENDA ITEMS

None.

3. ADJOURN TO CLOSED SESSION

Pursuant to government code 54957.6, a closed session was held regarding labor negotiations.

4. ANNOUNCEMENT OF ACTION TAKEN IN CLOSED SESSION, IF ANY

Direction was provided to staff.

5. ADJOURNMENT

The meeting adjourned at 6:55 p.m.

AGENDA ITEM NO.: 4.A2.1 MEETING DATE: 02/25/2019

DRAFT MINUTES OF THE REGULAR MEETING CITY OF ALAMEDA PUBLIC UTILITIES BOARD MEETING

January 28, 2019

1. ROLL CALL

President McCormick called the meeting to order at 7:00 p.m. On roll call, the following commissioners were present: President McCormick, Commissioner Serventi, Commissioner Gould, Commissioner Giuntini and Interim City Manager David Rudat.

2. ORAL COMMUNICATIONS – NON AGENDA (Public Comment)

Alameda resident Nick deVries noted PG&E’s bankruptcy, saying that it prompts consideration of how AMP will continue to be a robust, healthy utility in the future.

3. SPECIAL PRESENTATION

None

4. CONSENT CALENDAR

A1. Minutes – Special Meeting – December 10, 2018

A2. Minutes – Regular Meeting – December 10, 2018

B. Listing of Bills Paid – December 2018

C. Financial Report – November 2018

D. Treasurer’s Report for the Month Ending November 30, 2018

E. By Resolution, Commend Alan Hanger for His Long and Distinguished Service to Alameda Municipal Power

F. Adopt a Resolution Recommending that the City Council Adopt a Memorandum of Understanding Between the City of Alameda and the Electric Utility Professionals Association of Alameda (EUPA) for the Period Commencing December 27, 2018 and Ending June 30, 2022

G. Adopt a Resolution Recommending that the City Council Adopt a Compensation Plan Between the City of Alameda and the Alameda Municipal Power Unrepresented Employees (AMPU) for the Period Commencing December 27, 2018 and Ending June 30, 2022

AGENDA ITEM NO.: 4.A2.2 MEETING DATE: 02/25/2019 President McCormick pulled item E from the consent calendar for Board discussion. With a motion from Commissioner Serventi and a second from Interim City Manager Rudat, the Board unanimously approved the balance of the consent calendar.

President McCormick commented on item E, praising staffer Alan Hanger for his long career at AMP. Commissioner Serventi complimented Mr. Hanger’s work, as well.

With a motion from Commissioner Giuntini and a second from Commissioner Serventi, the Board approved the item.

5. AGENDA ITEMS

A. By Motion, Accept Alameda Municipal Power’s Load Forecast for Fiscal Year 2020

Following a staff presentation, President McCormick asked a question about a potential large customer. General Manager Procos said an item regarding the potential large customer is going to the Alameda City Council’s closed session in February.

Commissioner Gould said that electric vehicle (EV) forecasts and distributed generation are rooted in AMP policy.

Staff responded that AMP is aiming to get the first five years of the forecast correct. Afterward, staff updates the forecast every year and includes improvements. In addition, an integrated resource plan is coming, staff said.

Commissioner Gould said he does not want the forecast to be a reason to not advance EV and solar programs.

President McCormick said that the forecast is not a plan, and it will never drive action. It is simply a tool to take a snapshot of where we are at, she said.

General Manager Procos said there is a big focus on EVs in the strategic plan.

Interim City Manager Rudat said that the forecast is a tool to help the utility’s leaders with their vision. He asked General Manager Procos to comment on the impact of a very large customer.

General Manager Procos said that a very large customer’s impact, and the utility’s response, would not unfold overnight. AMP is a risk-adverse entity and it needs to have protections in place.

Commissioner Serventi asked whether AMP’s current contracts would be addressed in the resource planning stage. General Manager Procos confirmed. AGENDA ITEM NO.: 4.A2.3 MEETING DATE: 02/25/2019 Commissioner Gould said that AMP needs to drive the load with policy on EVs and solar.

With a motion from Interim City Manager Rudat and a second from Commissioner Giuntini, the Board voted 4-1 to approve the item, with Commissioner Gould dissenting.

B. By Motion, Accept Alameda Municipal Power’s Five Year Strategic Plan, Fiscal Years 2020-2025

Alameda resident Nick deVries said the strategic planning effort was a well-run and thoughtful exercise. He said there are triple bottom line opportunities for AMP. For example, even though he reached Tier 3 by charging his EV, he was still saving money and helping the planet.

President McCormick said that the Board will be taking a close look at EV rates in the coming months.

Ruth Abbe of Community Action for a Sustainable Alameda (CASA) praised Alan Hanger for his support and professionalism.

She questioned the language in the strategic plan relating to AMP’s commitment to ensure that its resources stay 100 percent carbon neutral.

Rand Wrobel, on behalf of the 350 Bay Area community organization, advocated for AMP to make major environmental changes through a solar municipal bond.

Commissioner Gould said it is critical for the strategic plan to align with the city of Alameda’s climate action plan.

Commissioner Serventi noted that many Alamedans are not aware of how their publicly owned utility serves them. One of the biggest challenges will be to educate the public.

Commissioner Giuntini asked whether staff would conduct annual or periodic check- ins with the Board about the key performance indicators.

General Manager Procos said that the check-ins with the Board would be more frequent than on an annual basis.

President McCormick addressed the language in the plan regarding AMP’s carbon- neutral energy portfolio.

She proposed a language change to make it very clear that AMP will maintain a 100 percent carbon-neutral energy portfolio. AGENDA ITEM NO.: 4.A2.4 MEETING DATE: 02/25/2019 Her suggested update to page 7 of the strategic plan summary follows: “Achieve 100% carbon-neutral energy portfolio by 2020 and maintain in the future and maintain competitive position.”

President McCormick made a motion to adopt the plan with the amended language. Commissioner Gould seconded the motion. The Board unanimously approved the item.

6. GENERAL MANAGER’S REPORT

A. General Manager’s Report – December 2018

General Manager Procos briefed the Board on the line crews’ rapid response to an incident in which a vehicle hit a utility pole. He also introduced two new AMP staffers, Stephen Mariani and Alan Harbottle, to the Board.

7. COUNCIL COMMUNICATIONS

None

8. BOARD COMMUNICATIONS

President McCormick provided an update on topics addressed at the Northern California Power Agency’s (NCPA) strategic issues conference.

Commissioner Gould provided an update on CASA’s recent efforts to address climate change at the local level.

9. ORAL COMMUNICATIONS – NON-AGENDA ITEMS

Ruth Abbe of CASA said that the city’s consultant for climate planning was under the impression that AMP would only be 95 percent carbon free, instead of 100 percent.

10. ADJOURNMENT

President McCormick adjourned the meeting at 8:30 p.m. AGENDA ITEM NO.: 4.B.1 MEETING DATE: 02/25/2019

Alameda, California From Check Date: 01/01/2019 - To Check Date: 01/31/2019 The following bills payable out of the Alameda Municipal Power funds were approved for payment. SUPPLIER DESCRIPTION AMOUNT NO CALIF POWER AGENCY ALL POWER BILL-JANUARY(P) 3,217,404.00 ALAMEDA, CITY OF PAYROLL(A) 901,868.03 ALAMEDA, CITY OF TRANSFER TO GENERAL FUND(A) 381,840.00 ALAMEDA, CITY OF UTILITY TAX(A) 303,181.29 HOWARD INDUSTRIES, INC. ELECTRICAL SPLYS(I) 243,634.87 U S BANK TRUST NA 2010A&B SERIES REVENUE BOND(A) 215,474.92 ECOLOGY ACTION OF SANTA CRUZ COMMERCIAL LIGHTING PGM(P) 160,266.02 ALAMEDA, CITY OF PILOT & ROI CHGS(A) 122,833.00 ABB, INC. ELECTRICAL SPLYS(I) 87,716.83 3 DEGREES, INC. ALAMEDA GREEN PGM(P) 31,214.60 1835 ALAMEDA PROPERTY LLC LEASE-BLDG(A) 24,700.00 CLEARESULT CONSULTING,INC. REBATES(P) 22,546.62 CALIFORNIA DEPARTMENT SURCHARGE, SALES USE & FUEL TAX(A) 22,183.83 DATAPROSE, LLC. PRINTING SVCS(A) 20,086.73 SLOAN SAKAI YEUNG & WONG LLP PROFESSIONAL SVCS(A) 19,662.68 SEAMLESS DOCS SOFTWARE(M) 17,610.00 ALAMEDA, CITY OF WORKERS COMP & ADMIN FEES(A) 14,342.84 CIVIC PLUS, INC. WEBSITE SVCS(M) 13,132.51 FARELLA BRAUN & MARTEL LEGAL SVCS(A) 10,814.15 C.H. BULL COMPANY ELECTRICAL SPLYS(E) 10,556.06 ONE SOURCE DISTRIBUTORS ELECTRICAL SPLYS(I) 8,499.60 POWER PARTNERS INC ELECTRICAL SPLYS(I) 7,782.98 LANDIS+GYR TECHNOLOGY, INC SVC FEE(A) 6,776.36 UTILIWORKS CONSULTING, LLC CONSULTING SVCS(A) 5,647.77 RUBICON LANDSCAPE SERVICES LANDSCAPING SVCS(A) 5,642.64 ALAMEDA, CITY OF GARAGE CHGS(O) 5,371.19 EQUILIBRIUM DESIGNS ENERGY AUDITS(P) 5,125.00 PAVAO ELECTRIC REPAIRS(E) 4,887.50 ALAMEDA ELECTRICAL DISTR. ELECTRICAL SPLYS(E,I) 4,478.92 ALAMEDA, CITY OF GAS CHGS(O) 4,228.97 JACKSON LEWIS PROFESSIONAL SVCS(A) 4,059.00 AVO TRAINING INSTITUTE, INC. TRAINING(O) 4,000.00 U.S. BANK IMPAC GOV. SVCS CAL CARD PAYMENT(V) 3,463.21 COOPER COMPLIANCE CORP CONSULTING SVCS(O) 3,126.00 DAD SERVICES INC JANITORIAL SVCS(A) 2,985.00 SABLE COMPUTER INC MAINTENANCE RENEWAL(A) 2,626.40 NEWGEN STRATEGIES & SOLUTIONS CONSULTING SVCS(A) 2,225.00 START TRAFFIC INC ELECTRICAL SPLYS(O) 2,051.00 ECESSA CORPORATION SERVICE CONTRACT(A) 1,832.00 BLAISDELLS OFFICE SPLYS(V) 1,826.55 SILVER & BLACK TELECOM TESTING SVCS(O) 1,680.00 GRAINGER INC ELECTRICAL SPLYS(I) 1,421.84 GREAT AMERICA FINANCIAL SVCS. COPIER LEASE(A) 1,418.87 THYSSENKRUPP ELEVATOR MAINTENANCE(A) 1,220.10 SABINA NETTO EXPENSE REIMB(V) 1,150.55 AGENDA ITEM NO.: 4.B.2 MEETING DATE: 02/25/2019

Alameda, California From Check Date: 01/01/2019 - To Check Date: 01/31/2019 The following bills payable out of the Alameda Municipal Power funds were approved for payment. SUPPLIER DESCRIPTION AMOUNT E B M U D WATER CHGS(A) 1,002.17 BURLINGTON SAFETY LABORATORY TESTING SVCS(O) 919.00 ALAMEDA MARINA RENTAL PARKING SPACES(A) 906.66 HARDCRAFT INDUSTRIES, INC. ELECTRICAL SPLYS(O) 832.54 MATRIX HG INC. MAINT AGREEMENT(A) 756.00 CARLSON SALES ELECTRICAL SPLYS(E) 724.11 KORTICK MANUFACTURING CO ELECTRICAL SPLYS(I) 719.65 MYTHICS, INC. AMI SVCS(A) 696.96 SMART UTILITY SOLUTIONS SYSTEM ADDITIONS(O) 661.00 FARWEST LINE SPECIALTIES ELECTRICAL SPLYS(O) 644.83 SOLARWINDS MAINT RENEWAL(A) 630.00 FREON FREE REFRIGERATOR REBATE(P) 620.00 OFFICE1 OFFICE SPLYS(A) 594.19 EXPERIAN INFORMATION SOLUTIONS CONSULTING SVCS(O) 562.00 CDW COMPUTER CENTERS INC COMPUTER SPLYS(A) 541.87 UNITED PARCEL SERVICES SHIPPING(A,M) 456.59 AMERICAN REVENUE COMMISSIONS(C) 406.81 ALAMEDA, CITY OF PROFESSIONAL SVCS(G) 393.75 WESCO DISTRIBUTION, INC. ELECTRICAL SPLYS(I) 338.13 JOHNSON CONTROLS SPRINKLER MAINT(A) 312.50 KELLY-MOORE PAINT COMPANY INC PAINT(O) 204.69 SEEDS COMMUNITY SERVICE FEE(M) 150.00 MOOD MEDIA MONTHLY COST(M) 148.40 CENTRO INFORMATION SYSTEMS TAX FORMS(A) 136.23 KATHLEEN HALEY EXPENSE REIMB(G) 116.63 KAISER FOUNDATION HEALTH PLAN PHYSICALS(O) 115.00 ALAMEDA, CITY OF DOT CHGS(O) 94.32 ALAMEDA MAIL BOXES PLUS COMMISSIONS(C) 87.00 PGI CONFERENCE CALL(A) 78.16 ABAG GAS CHGS(A) 69.70 ZONES, INC COMPUTER SPLYS(A) 67.23 BAY STAMP & ENGRAVING LLC ENGRAVING SVCS(A,O) 56.41 EAST BAY BLUEPRINT & SUPPLY SERVICE CONTRACT(E) 55.35 ENCINAL HARDWARE ELECTRICAL SPLYS(E) 42.09 ALAMEDA, CITY OF FINGERPRINTING(A) 32.00 WREGIS TRANSFER FEE(P) 8.73 5,948,776.13

The above claims in the amount of $5,948,776.13 have been examined, certified correct, and approved for payment by the secretary of the Public Utilities Board.

______/S/ Secretary of the Public Utilities Board AGENDA ITEM NO: 4.C.1 MEETING DATE: 02/25/2019

Monthly Financial Report

with data through December 2018 (Unaudited)

The data contained in this report has not been independently audited. AGENDA ITEM NO: 4.C.2 MEETING DATE: 02/25/2019 Alameda Municipal Power Financial Report With Supporting Documentation For the Month of December 2018

Table of Contents

Management Summary ...... 3 Financial Summary of Selected Totals ...... 4 Revenue Graphs ...... 5 Expense Graphs ...... 6 Gross Earning, Wage & Benefits Graphs ...... 7 Purchased Power Billing From NCPA ...... 8 Analysis of Capital Spending ...... 9 Special Revenue Summary ...... 10

Financial Reports In Detail ...... 11

Financial Notes ...... 12 Monthly & YTD Performance Versus Budget ...... 13 Monthly & YTD Performance Versus Last Year’s Actual...... 14 Balance Sheet ...... 15-16 Statement of Cash Flow ...... 17 Utility Plant Detail ...... 18 Electric Non-Power Costs Analysis/Balancing Account Update ...... 19

AGENDA ITEM NO: 4.C.3 MEETING DATE: 02/25/2019

MANAGEMENT SUMMARY

AGENDA ITEM NO: 4.C.4 MEETING DATE: 02/25/2019

Alameda Municipal Power Financial Summary of Selected Totals For Fiscal Year (FY) 2019 Year to Date (YTD) as of December 2018

YTD Actual FY2019 Budget Over/Under % Change Prior Year Over/Under % Change Prorated YTD Actual Electric Sales (KWH): 159,031,017 167,287,568 (8,256,551) -4.9% 167,331,147 (8,300,130) -5.0% Residential (D1 & D2) 58,484,717 57,710,000 774,717 1.3% 58,528,485 (43,768) -0.1% General Service (A1) 23,600,195 26,510,000 (2,909,805) -11.0% 23,355,103 245,092 1.0% Demand Metered (A2 &A3) 70,539,890 75,900,000 (5,360,110) -7.1% 78,973,378 (8,433,488) -10.7% Municipal & Other ( M1, M2, M3, OL & CT) 6,406,215 7,167,568 (761,353) -10.6% 6,474,181 (67,966) -1.0% Commercial & Industrial 94,140,085 102,410,000 (8,269,915) -8.1% 102,328,481 (8,188,396) -8.0%

Electric Revenue - see 4.C.14 & 15 for Income Statement 31,564,498 31,416,295 148,203 0.5% 32,194,373 (629,875) -2.0% Residential (D1 & D2) 11,500,555 11,384,116 116,439 1.0% 11,386,502 114,053 1.0% General Service (A1) 4,749,873 5,254,135 (504,262) -9.6% 4,796,201 (46,328) -1.0% Demand Metered (A2 &A3) 11,318,245 11,659,337 (341,093) -2.9% 12,206,494 (888,249) -7.3% Municipal & Other ( M1, M2, M3, OL & CT) 1,216,027 1,306,102 (90,076) -6.9% 1,285,512 (69,485) -5.4% Solar Rebate Surcharge (25) 0 (25) 267,343 (267,368) -100.0% Energy Adjustment Revenue 22,290 0 22,290 212,201 (189,911) -89.5% Other Operating Revenue 264,408 178,243 86,165 48.3% 188,924 75,484 40.0% Revenue from REC, Cap&Trade & LCFS Credit Sale 2,457,249 1,595,346 861,902 54.0% 1,812,857 644,392 35.5% Alameda Point Telephone 35,876 39,015 (3,139) -8.0% 38,339 (2,463) -6.4% Electric Sales 28,784,700 29,603,691 (818,991) -2.8% 29,674,709 (890,009) -3.0%

Electric Operating & Non-Operating expenses - see 4.C.14 & 15 for Income Statement (27,882,173) (30,714,503) 2,811,740 -9.2% (25,729,130) (2,153,043) 8.4% Purchased Power (14,745,241) (15,369,396) 624,155 -4.1% (13,199,535) (1,545,706) 11.7% Customer Programs & Services (1,989,967) (2,061,333) 71,366 -3.5% (1,592,015) (397,952) 25.0% Operations & Maintenance (2,279,718) (3,181,630) 901,912 -28.3% (2,191,722) (87,996) 4.0% Administration (3,786,786) (4,715,948) 929,162 -19.7% (3,697,536) (89,250) 2.4% Expenses Funded by Special Revenue (354,174) (709,000) 354,826 -50.0% (380,148) 25,974 -6.8% Depreciation & Amortization (1,923,899) (1,615,000) (308,899) 19.1% (1,676,367) (247,532) 14.8% Other Nonoperating Revenue (Expenses)-Net 519,571 288,001 231,570 80.4% 311,080 208,491 67.0% Debt Related Charges (671,351) (671,526) 175 0.0% (703,182) 31,831 -4.5% PILOT & City Transfer (2,646,198) (2,653,671) 7,473 -0.3% (2,572,788) (73,410) 2.9% Alameda Point Telephone (4,410) (25,000) 20,590 -82.4% (26,917) 22,507 -83.6%

Operating expenses excluding Purch power, depreciation (8,410,645) (10,667,912) 2,257,266 -21.2% (7,861,421) (549,224) 7.0% Electric Net Income (Loss) - See 4.C.14 & 15 3,682,325 701,792 2,980,533 424.7% 6,465,243 (2,782,918) -43.0% AGENDA ITEM NO: 4.C.5 MEETING DATE: 02/25/2019

Electric Revenue through December 2018

FY2019 Budget FY2019 Actual

$35,000,000 31,564,498 31,416,295 $30,000,000

$25,000,000

$20,000,000

$15,000,000 11,384,116 11,318,245 11,500,555 11,659,337

$10,000,000 4,749,873 5,254,135 2,457,249 $5,000,000 1,306,102 286,673 1,216,027 178,243 1,595,346 $0 General Service Demand Metered Solar Surcharge & REC/Cap&Trade Revenue Total Residential Municipal (A1) (A2 &A3) Other Oper. Rev Revenue FY2019 Budget 31,416,295 11,384,116 5,254,135 11,659,337 1,306,102 178,243 1,595,346 FY2019 Actual 31,564,498 11,500,555 4,749,873 11,318,245 1,216,027 286,673 2,457,249

Electric Sales (KWh) through December 2018 FY2019 Budget FY2019 Actual 180,000,000 167,287,568 159,031,017 160,000,000

140,000,000

120,000,000

100,000,000

80,000,000 75,900,000 70,539,890

57,710,000 60,000,000 58,484,717

40,000,000 26,510,000 23,600,195 20,000,000 7,167,568 6,406,215 0 KWH total Residential General Service (A1) Demand Metered (A2 &A3) Municipal FY2019 Budget 167,287,568 57,710,000 26,510,000 75,900,000 7,167,568 FY2019 Actual 159,031,017 58,484,717 23,600,195 70,539,890 6,406,215 AGENDA ITEM NO:4.C.6 MEETING DATE: 02/25/2019

Electric Expense through December 2018

FY2019 Budget FY2019 Actual

$18,000,000 15,369,396 $16,000,000 14,745,241 $14,000,000 $12,000,000 $10,000,000 $8,000,000

$6,000,000 4,715,948 3,786,786 2,646,198 $4,000,000 2,061,333 3,181,630 2,653,671 2,279,718 1,989,967 671,526 $2,000,000 709,000 354,174 671,351 $0 Customer Operations & Exp. Funded Purchased Debt Related PILOT & City Administration Programs & Maintenance by Special Rev power Charges Transfer Services FY2019 Budget 4,715,948 2,061,333 3,181,630 709,000 15,369,396 671,526 2,653,671 FY2019 Actual 3,786,786 1,989,967 2,279,718 354,174 14,745,241 671,351 2,646,198

$7,000,000 Electric Operating Exp. through December 2018 (Excl. Purchased Power & Depreciation)

$6,000,000 $5,850,054 Budget Actual $5,332,526

$5,000,000 (1) Labor $4,360,384 $4,360,384 47.87%

$4,000,000 $3,708,412

$3,000,000

$2,000,000 (2) Service $1,272,154 (3) Material $3,708,412 $1,039,496 40.71% 11.41% $1,039,496 $1,000,000

$- (1)Labor (2) Service (3) Material

(1) Labor - Wages (2) Service - Benefits & Other Services Provided by Outside Vendors (3) Material - Purchased Supplies & Energy Efficiency AGENDA ITEM NO: 4.C.7 MEETING DATE: 02/25/2019

Alameda Municipal Power FY2019 Total Wages & Benefits Through December 2018

TOTAL WAGES & BENEFITS

$18,000,000

$16,000,000

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

FY 2018 actual FY 2019 actual FY 2019 budget

GROSS WAGES

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

FY2018 actual FY2019 actual FY2019 budget

Budgeted Employees: 95 Actual Employees: 79 + 1 Temp AGENDA ITEM NO: 4.C.8 MEETING DATE: 02/25/2019

Alameda Municipal Power Selected Information - Purchased Power Billing From NCPA for the Month of December 2018

AMP pays purchase power invoices through Northern California Power Agency (NCPA). Generally, the monthly purchased power cost consists of NCPA's estimated power billing invoice for the current month, and an adjustment for the preceding months.

The monthly gross purchased power billing is listed below:

FY 2019 FY 2019 FY 2018 FY 2018 Monthly Year-to-Date Monthly Year-to-Date July 2,806,808 2,806,808 1,853,777 1,853,777 August 2,391,145 5,197,953 2,098,745 3,952,522 September 1,487,463 6,685,416 2,227,623 6,180,145 October 2,137,841 8,823,257 1,966,745 8,146,890 November 2,646,808 11,470,065 2,279,551 10,426,441 December 3,299,869 14,769,934 2,769,514 13,195,955 January 2, 780,800 15,977,711 February 2,348,840 18,326,551 March 2,887,812 21,214,363 April 2,933,281 24,147,644 May 2,882,781 27,030,425 June 2,366,608 29,397,033

December/Prior Year Net Metering Purchase - Solar 750 10,145 2,401 7,310 December/Prior Year Payment to NCPA for Energy Efficiecy Programs & Other - - - (4,274) December/Prior Year Miscellaneous - - - 543 Prior Year NCPA Refund for Prior Year Settlement (753,011) (753,011) (787,417) (787,417) 3,300,619 14,780,079 2, 771,915 13,199,534

Monthly Purchased Power Billing Invoice From NCPA

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

FY2019 Monthly Billing FY 2018 Monthly Billing AGENDA ITEM 4.C.9 MEETING DATE: 02/25/2018

6,000,000.00 Electric Capital Additions Budget vs. Actual and Forecast November 2012 YTD through December 2018

5,000,000.00

4,000,000.00

3,000,000.00

2,000,000.00

1,000,000.00

- JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN

Budget Forecast Actual

6 Total Budget This Month YTD Actual Utility System Capital Projects System Replacements 655,000 16,014 61,066 System Additions 200,000 0 10,398 New Loads 1,279,000 41,274 578,968 Underground Conversions 250,000 5,190 24,977 Funded by Cap & Trade 670,000 9,947 351,239 Funded by Renewable Energy Credits 950,000 0 0 AMI Deployment - Rates Funding 0 14,035 84,721 $4,004,000 $86,460 $1,111,369

System Enhancements (Capitalized) Transmission 0 0 0 Distribution 725,000 (25,088) (18,142) Substation Equipment 100,000 (201) 16,479 Streetlight Replacement 0 0 0 Subtotal - System Enhancements Projects $825,000 ($25,289) ($1,662)

Information Systems Capital Projects Subtotal - Information Systems Projects $672,000 $101 $47,245

Support Services Capital Projects Subtotal - Support Services Capital Projects $60,000 $0 ($389)

Total Capital Projects for FY 2019 $5,561,000 $61,273 $1,156,563 4/14/16 Per Sophie, budget will not match budget book total still. Collected This Month YTD Actual

Total Outside Billing Projects for FY 2019 $ 518,115.46 ($26,907) $36,683 AGENDA ITEM NO: 4.C.10 MEETING DATE:02/25/2019 Special Revenue Summary - FY2018 YTD through December 2018

Power Costs - SVP Cap & Trade Revenue Funding from Power Operating Capital Total Reserve - 10 2114 Cash Receipts Purchase Expenses Projects Expenditures Reserve Balance

Reserve Beginning Balance 6-30-2018 2,825,543 Jul-18 - 2,825,543 Aug-18 (2,883) (2,883) 2,822,659 Sep-18 236,466 (25,032) (25,032) 3,034,093 Oct-18 (33,501) (33,501) 3,000,592 Nov-18 (87,615) (87,615) 2,912,977 Dec-18 240,551 (9,947) (9,947) 3,143,581 Jan-19 - Feb-19 - Mar-19 - Apr-19 - May-19 - Jun-19 - Total To Date 477,016 - (158,978) (158,978) 3,143,581

REC Revenue Reserve - Funding from Operating Capital Total 10 2113 Cash Receipts Expenses Projects Expenditures Reserve Balance

Reserve Beginning Balance 6-30-2018 18,480,235 Jul-18 187,664 (679) (679) 18,667,221 Aug-18 206,429 (14,233) (14,233) 18,859,417 Sep-18 172,883 (3,291) (3,291) 19,029,009 Oct-18 (309,144) (309,144) 18,719,865 Nov-18 401,365 (7,413) (7,413) 19,113,817 Dec-18 176,946 (8,488) (8,488) 19,282,275 Jan-19 - Feb-19 - Mar-19 - Apr-19 - May-19 - Jun-19 - Total To Date 1,145,287 - (343,247) - (343,247) 19,282,275

Low Carbon Fuel Standard Funding from Operating Capital Total Revenue Reserve - 10 2115 Cash Receipts Expenses Projects Expenditures Reserve Balance

Reserve Beginning Balance 6-30-2018 - 125,638 Jul-18 - 125,638 Aug-18 - 125,638 Sep-18 883,200 (10,851) (10,851) 997,986 Oct-18 - 997,986 Nov-18 - 997,986 Dec-18 - Jan-19 - Feb-19 - Mar-19 - Apr-19 - May-19 - Jun-19 - Total To Date 883,200 (10,851) (10,851) 997,986

Combined Total 2,505,503 - (354,098) (158,978) (513,076) 23,423,842 AGENDA ITEM NO: 4.C.11 MEETING DATE: 02/25/2019

FINANCIAL REPORT DETAIL AGENDA ITEM NO: 4.C.12 MEETING DATE: 02/25/2019

Alameda Municipal Power Financial Notes For the Month of December 2018

1. Sales of Electricity: Electricity sales for the month were 10.3 percent under budget and 11.9 percent lower than the same month last year. Residential sales were 1.0 percent over budget for the month and 3.8 percent lower than the same month last year. General Service A1 sales were 10.4 percent under budget for the month and 0.3 percent higher than the same month last year. Demand Metered Services A2 & A3 sales were 22.8 percent under budget for the month and 23.6 percent lower than the same month last year. Municipal and Other Service sales were 21.4 percent under budget for the month and 11.8 percent lower than the same month last year.

Overall KWh sales were 14.6 percent under budget for the month and 13.1 percent lower than the same month last year. Residential KWh sales were 1.2 percent over budget for the month and 4.8 percent lower than the same month last year. General Service A1 KWh sales were 10.8 percent under budget for the month and 1.4 percent higher than the same month last year. Demand Metered Services A2 & A3 KWh sales were 31.1 percent under budget for the month and 28.3 percent lower than the same month last year. Municipal and Other Service KWh sales were 12.6 percent under budget for the month and 8.9 percent higher than the same month last year.

2. Purchased Power: Purchased power costs for the month were $425,311 over budget and $510,631 over than the same month last year (see 4.C.14 & 4.C.15 Income Statement) due to prior month positive adjustments of approximately $145K. The NCPA monthly billing includes estimates for the current month and adjustments for preceding months.

3. Operating Expenses: Monthly operating expenses, excluding purchased power and depreciation, were 21.7 percent under budget and 4.9 percent higher than the same month last year. For year to date, Labor was 25.5 percent under budget, Service was 30.5 percent under budget, and Material was 18.3 percent under budget.

4. Non-Operating Revenues and Expenses: Net non-operating revenue/expenses were 5.5 percent under budget and 162.3 percent higher than the same month last year. AGENDA ITEM NO: 4.C.13 MEETING DATE: 02/25/2019 Alameda Municipal Power FY19 Income Statement - Budget vs Actual For December 1, 2018 through December 31, 2018

Current Current Actual Less YTD Actual YTD Acutal Less Month Actual Month Budget Budget Amount Budget Budget Operating Revenues Sale of Electricity 4,713,404.34 5,268,911.00 555,506.66- 10.5- 28,784,699.80 29,603,691.00 818,991.20- 2.8- Electric Other Operating Sales 31,414.25 29,707.16 1,707.09 5.7 286,888.64 178,242.96 108,645.68 61.0 Cap & Trade Net Revenue 477,016.32 471,850.50 5,165.82 1.1 REC Revenue 176,946.00 187,249.33 10,303.33- 5.5- 1,097,032.60 1,123,495.98 26,463.38- 2.4- Low Carbon Fuel Standard Credit Sale 883,200.00 883,200.00 100.0- Telecom Other Operating Revenues 25.00 25.00 100.0- 50.00 50.00 100.0- Alameda Point Telephone 4,919.76 6,502.50 1,582.74- 24.3- 35,610.52 39,015.00 3,404.48- 8.7------Total Operating Revenue 4,926,709.35 5,492,369.99 565,660.64- 10.3- 31,564,497.88 31,416,295.44 148,202.44 0.5 ------Operating Expense Power Balancing AC Adjustment Purchased Power 3,282,545.78 2,857,235.00 425,310.78 14.9- 14,745,240.55 15,369,396.00 624,155.45- 4.1 Energy Efficiency 7,282.80 30,702.67 23,419.87- 76.3 97,575.62 185,982.98 88,407.36- 47.5 Customer Assist, Solar Rebate & Other 15,204.60 8,666.67 6,537.93 75.4- 405,481.48 51,999.98 353,481.50 679.8- Operations & Maintenance 406,374.99 534,238.33 127,863.34- 23.9 2,284,128.01 3,206,630.02 922,502.01- 28.8 Customer Service 253,042.43 251,704.93 1,337.50 0.5- 1,238,128.69 1,443,750.41 205,621.72- 14.2 Administrative and General 658,971.67 785,993.39 127,021.72- 16.2 3,786,786.05 4,715,948.13 929,162.08- 19.7 Depreciation and Amortization 327,084.57 269,166.67 57,917.90 21.5- 1,923,899.33 1,615,000.02 308,899.31 19.1- Customer Relations 50,454.31 63,266.66 12,812.35- 20.3 248,781.15 379,600.04 130,818.89- 34.5 Expenses Funded by Special Revenue 8,487.99 118,166.67 109,678.68- 92.8 354,174.06 708,999.98 354,825.92- 50.0 ------Total Operating Expense 5,009,449.14 4,919,140.99 90,308.15 1.8- 25,084,194.94 27,677,307.56 2,593,112.62- 9.4 ------Operating Income (Loss) 82,739.79- 573,229.00 655,968.79- 114.4- 6,480,302.94 3,738,987.88 2,741,315.06 73.3 ------Nonoperating Income (Expense) Return on Investments 27,236.59 25,000.00 2,236.59 8.9 366,887.19 150,000.00 216,887.19 144.6 Return on restricted investments 4,946.90 4,946.90 100.0- 24,677.74 24,677.74 100.0- Debt-related charges 111,891.88- 111,921.00- 29.12 671,351.28- 671,526.00- 174.72 Net Nonoperating Income (Exp) 13,202.25 23,000.24 9,797.99- 42.6- 128,073.59 138,001.44 9,927.85- 7.2- Payment in Lieu of Taxes 122,833.00- 124,078.52- 1,245.52 1.0- 736,998.00- 744,471.13- 7,473.13 1.0- Misc. Credits & Debits to Surplus 45.00- 45.00- 100.0- 67.50- 67.50- 100.0------Total Nonoperating Income 189,384.14- 187,999.28- 1,384.86- 0.7 888,778.26- 1,127,995.69- 239,217.43 21.2------Income before Transfer to the City 272,123.93- 385,229.72 657,353.65- 170.6- 5,591,524.68 2,610,992.19 2,980,532.49 114.2 ------Transfer to the City 381,840.00- 318,200.00- 63,640.00- 20.0 1,909,200.00- 1,909,200.00------Net Income (Loss) 653,963.93- 67,029.72 720,993.65- 1,075.6- 3,682,324.68 701,792.19 2,980,532.49 424.7 ======AGENDA ITEM NO: 4.C.14 MEETING DATE: 02/25/2019 Alameda Municipal Power FY19 Comparative Income Statement For December 1, 2018 through December 31, 2018

Current Last Year Current Less YTD Actual Last Year YTD Less Month Amount Curr Month Last Yr Curr Amount YTD Last Yr YTD Operating Revenues Sale of Electricity 4,713,404.34 5,277,314.00 563,909.66- 10.7- 28,784,699.80 29,674,708.68 890,008.88- 3.0- Electric Operating Sales 31,414.25 123,926.50 92,512.25- 74.7- 286,888.64 668,652.59 381,763.95- 57.1- Cap & Trade Net Revenue 477,016.32 412,942.87 64,073.45 15.5 REC Sales Net Revenue 176,946.00 186,693.00 9,747.00- 5.2- 1,097,032.60 1,228,414.15 131,381.55- 10.7- Low Carbon Fuel Credit Sale 883,200.00 171,500.00 711,700.00 415.0 Telecom Other Operating Revenues 25.00 25.00 100.0- 50.00 50.00 100.0- Alameda Point Telephone 4,919.76 6,335.46 1,415.70- 22.3- 35,610.52 38,154.93 2,544.41- 6.7------Total Operating Revenue 4,926,709.35 5,594,268.96 667,559.61- 11.9- 31,564,497.88 32,194,373.22 629,875.34- 2.0------Operating Expense Balancing AC Adjustment Purchased Power 3,282,545.78 2,771,915.22 510,630.56 18.4- 14,745,240.55 13,199,534.75 1,545,705.80 11.7- Energy Efficiency 7,282.80 9,533.16 2,250.36- 23.6 97,575.62 71,316.48 26,259.14 36.8- Customer Assist, Solar Rebate & Other 15,204.60 162,304.02 147,099.42- 90.6 405,481.48 234,666.63 170,814.85 72.8- Operations & Maintenance 406,374.99 374,113.43 32,261.56 8.6- 2,284,128.01 2,218,639.29 65,488.72 3.0- Customer Service 253,042.43 215,182.25 37,860.18 17.6- 1,238,128.69 1,035,779.17 202,349.52 19.5- Administrative and General 658,971.67 431,263.74 227,707.93 52.8- 3,786,786.05 3,697,536.32 89,249.73 2.4- Depreciation and Amortization 327,084.57 275,855.58 51,228.99 18.6- 1,923,899.33 1,676,366.73 247,532.60 14.8- Customer Relations 50,454.31 35,791.48 14,662.83 41.0- 248,781.15 250,253.06 1,471.91- 0.6 Expenses Funded by Special Revenue 8,487.99 111,684.52 103,196.53- 92.4 354,174.06 380,148.36 25,974.30- 6.8 ------Total Operating Expense 5,009,449.14 4,387,643.40 621,805.74 14.2- 25,084,194.94 22,764,240.79 2,319,954.15 10.2------Operating Income (Loss) 82,739.79- 1,206,625.56 1,289,365.35- 106.9- 6,480,302.94 9,430,132.43 2,949,829.49- 31.3------Nonoperating Income (Expense) Return on Investments 27,236.59 15,257.93 11,978.66 78.5 366,887.19 187,905.04 178,982.15 95.3 Return on restricted investments 4,946.90 1,525.96 3,420.94 224.2 24,677.74 7,531.26 17,146.48 227.7 Debt-related charges 111,891.88- 117,196.96- 5,305.08 4.5- 671,351.28- 703,181.76- 31,830.48 4.5- Net Nonoperating Income (Exp) 13,202.25 500.00 12,702.25 2,540.5 128,073.59 115,643.61 12,429.98 10.7 Payment in Lieu of Taxes 122,833.00- 120,464.58- 2,368.42- 2.0 736,998.00- 722,787.48- 14,210.52- 2.0 Misc. Credits & Debits to Surplus 45.00- 45.00- 100.0- 67.50- 67.50- 100.0------Total Nonoperating Income 189,384.14- 220,377.65- 30,993.51 14.1- 888,778.26- 1,114,889.33- 226,111.07 20.3------Income before Transfer to the City 272,123.93- 986,247.91 1,258,371.84- 127.6- 5,591,524.68 8,315,243.10 2,723,718.42- 32.8------Transfer to the City 381,840.00- 370,000.00- 11,840.00- 3.2 1,909,200.00- 1,850,000.00- 59,200.00- 3.2 ------Net Income (Loss) 653,963.93- 616,247.91 1,270,211.84- 206.1- 3,682,324.68 6,465,243.10 2,782,918.42- 43.0- ======AGENDA ITEM NO: 4.C.15 MEETING DATE: 02/25/2019 Alameda Municipal Power FY19 Consolidated Balance Sheet As of December 31, 2018

Current Last Year Current YTD YTD Amount YTD Amount - Last YTD

ASSETS

Utility Plant 113,132,360.59 111,872,102.24 1,260,258.35 1.1 Construction Work in Progress 3,464,961.64 10,618,528.88 7,153,567.24- 206.5- Accumulated Depreciation 76,107,586.21- 76,186,998.42- 79,412.21 0.1------Utility Plant Net 40,489,736.02 46,303,632.70 5,813,896.68- 14.4------Restricted Investments 2010A&B Installment Fund 1,333,413.55 1,339,863.09 6,449.54- 0.5- 2010A&B Reserve Fund 2,698,260.27 2,666,750.74 31,509.53 1.2 ------Restricted Investments 4,031,673.82 4,006,613.83 25,059.99 0.6 ------Investments Reserved - Special Purposes Insurance Reserve 1,200,000.00 1,200,000.00 Underground Cons. Reserve 10,593,435.07 9,438,160.99 1,155,274.08 Solar PV Rebate Reserve 348,043.75 348,043.75- 100.0 REC Net Revenue Reserve 19,282,275.54 18,257,040.56 1,025,234.98 5.3 CAP&Trade Net REV Reserve 3,143,580.75 2,442,845.97 700,734.78 22.3 Low Carbon Fuel St Rev Reserve 997,986.14 171,500.00 826,486.14 82.8 ------Investments Reserved - Special Purposes 35,217,277.50 31,857,591.27 3,359,686.23 9.5 ------Noncurrent Assets: NCPA projects and reserves 10,905,731.00 10,008,226.00 897,505.00 8.2 Deposits 40,000.00 40,000.00 Debt Issue Costs (Net) 592,620.06 654,270.66 61,650.60- 10.4- Deferred outflows re to pension 6,347,577.00 4,980,063.00 1,367,514.00 21.5 Vectren Mgmt Fee Buy Out (Net) Interfund Advances ------Non Current Assets 17,885,928.06 15,682,559.66 2,203,368.40 12.3 ------Current Assets: Cash and equivalents 40,383,406.61 36,171,740.96 4,211,665.65 10.4 Accounts Receivable 8,048,274.71 9,095,506.62 1,047,231.91- 13.0- Materials and Supplies 3,607,330.59 3,536,342.89 70,987.70 2.0 Prepaid PILOT/ROI 546,955.02- 546,954.98 1,093,910.00- 200.0 Prepaid Power costs and others 24,700.00 24,700.00 100.0 ------Current Assets 51,516,756.89 49,350,545.45 2,166,211.44 4.2 ------Total Assets 149,141,372.29 147,200,942.91 1,940,429.38 1.3 ======AGENDA ITEM NO: 4.C.16 MEETING DATE: 02/25/2019 Alameda Municipal Power FY19 Consolidated Balance Sheet As of December 31, 2018

Current Last Year Current YTD YTD Amount YTD Amount - Last YTD

CAPITALIZATION AND LIABILITIES

Capitalization: Earned surplus: Unappropriated 29,521,107.26 28,439,989.22 1,081,118.04 3.7- Appropriated Earnings 35,217,277.50 31,857,591.27 3,359,686.23 9.5- Current Net Earnings and Expense 3,682,324.68 6,465,243.10 2,782,918.42- 75.6 ------Total Earned Surplus 68,420,709.44 66,762,823.59 1,657,885.85 2.4------Equity in NCPA joint venture 10,824,961.00 10,008,226.00 816,735.00 7.5------

Long Term Liabilities Long Term Debts 43,801,196.00 45,076,196.00 1,275,000.00- 2.9 Deferred Inflows re to pension 77,362.00 77,362.00 ------Long Term Liabilities 43,878,558.00 45,153,558.00 1,275,000.00- 2.9 ------

Current Liabilities A/P and Accrued Payroll 656,557.74 1,172,818.49 516,260.75- 78.6 Interest Payable 640,525.64 672,356.22 31,830.58- 5.0 Purchase Power Balancing A/C 18,648,533.15 18,648,533.15 Deposits 3,612,341.01 2,146,718.89 1,465,622.12 40.6- Taxes Payable 325,358.02 687,133.93 361,775.91- 111.2 Other Accrued Liabilities 2,133,828.29 1,948,774.64 185,053.65 8.7------Current Liabilities 26,017,143.85 25,276,335.32 740,808.53 2.8------Total Capitalization and Liabilities 149,141,372.29 147,200,942.91 1,940,429.38 1.3- ======AGENDA ITEM NO: 4.C.17 MEETING DATE: 02/25/2019

Alameda Municipal Power Electric & Alameda Point Phone Services Statement of Cash Flows For the Month of December 2018

Current Month Year to Date

Net Cash Flows from Operating Activities Net Income (Loss) - Electric (658,694) 3,664,218 Net Income (Loss) - Alameda Point Phone 4,730 18,106 and cash flows from operating activities: - Depreciation & Amortization expense 327,085 635,275 - Plant Asset Retirement Accum Dep. Adjustment (21,856) 1,204,640 - Debt Cost Amortization 5,138 30,825 - ( Increase ) Decrease in Accounts Receivable 276,871 914,896 - ( Increase ) Decrease in Interest Receivable - - - ( Increase ) Decrease in Material & Supplies Inventory (69,648) 169,155 - ( Increase ) Decrease in Prepaids 91,159 546,955 - Increase (Decrease) in Accounts Payable 191,129 (263,930) - Increase (Decrease) in Interest Payable 106,754 (31,831) - Increase (Decrease) in Customer Deposits (75,639) (75,824) - Increase (Decrease) in Taxes Payable 1,805 50,860 - Increase (Decrease) in Other Accrued Liabilities 6,490 89,500 - Increase (Decrease) in Pension-related Liabilities - (1,367,514)

Net cash provided (used) by operating activities 185,324 5,585,333

Cash Flows From Investing Activities (Increase) Decrease in Utility Plant (238,279) (531,414) (Increase) Decrease in Construction Work in Progress 587,906 (1,796,930) 2010A&B Bond Fund Debt Service Trustee A/C (216,751) 649,296 2010A&B Common Reserve Account Interest Income (3,670) (19,467) (Increase) Decrease in NCPA Various Deposits - - Net cash provided (used) by investing activities 107,350 (530,959)

Cash Flows From Financing Activites 2010B Bond Principal Payment - (1,275,000) Net cash provided (used) by financing activities - (1,275,000)

Net Increase (Decrease) in Cash 292,674 3,779,374 Appropriation for Reserves (Increase) Decrease in Underground Fund Reserve (95,560) (579,523) (Increase) Decrease in Solar PV Rebate Reserve - 329,890 (Increase) Decrease in REC Net Revnue Reserve (168,458) (802,040) (Increase) Decrease in Cap&Trade Net Revenue Reserve (230,604) (318,038) (Increase) Decrease in Low Carbon Fuel St Rev Reserve - (872,349) - Subtotal (Increase) Decrease in in Reserves (494,622) (2,242,059) Total Increase (Decrease) in Cash (201,948) 1,537,315

Cash - June 30, 2018 38,846,092 Cash - November 30, 2018 40,585,355 Cash - December 31, 2018 40,383,407 40,383,407

Additional Information

Reserves for Special Purposes at 06/30/2018 32,975,218 Reserves for Special Purposes at 11/30/2018 34,722,656 Net Increase (Decrease) for the period 494,622 2,242,059 Reserves for Special Purposes at 12/31/2018 35,217,278 35,217,278 Alameda Municipal Power AGENDA ITEM 4.C.18 Utility Plant Detail--Electric MEETING DATE: 02/25/19 For the Month of December 2018

General Utility General Accumulated Net Utility Ledger Plant Ledger Depreciation Plant Transmission Land & Land Rights 350.101 2501 $69,332.79 2822 $0.00 $69,332.79 Structures & Improvements - West Crossing 351.101 2522 74,662.06 2822 63,335.72 11,326.34 Structures & Improvements - East Crossing 352.101 2522 68,948.27 2822 60,820.40 8,127.87 Transformer Towers & Fixtures 354.101 2522 461,706.86 2822 461,680.81 26.05 Transformer Poles & Fixtures 355.101 2522 816,565.71 2822 728,922.41 87,643.30 Overhead Conductors & Devices 356.101 2522 846,458.59 2822 605,801.73 240,656.86 Underground Conduits 357.101 2522 366,075.48 2822 346,207.54 19,867.94 Underground Conductors & Devices 358.101 2522 1,359,176.41 2822 1,301,434.88 57,741.53 Total Transmission $4,062,926.17 $3,568,203.49 $494,722.68 Distribution Land & Land Rights - Grand St. Station 360.101 2501 36,867.29 0.00 36,867.29 Structures & Improvements -Grand St.Cartwright & Jenny Substations 361.101 2511 2,498,155.22 2811 1,495,825.28 1,002,329.94 Station Equipment - Grand St. Station 362.101 2521 946,631.33 2821 417,934.64 528,696.69 Station Equipment - Cartwright Station 362.401 2521 2,610,553.90 2821 1,202,282.41 1,408,271.49 Station Equipment - Jenny Station 362.501 2521 3,792,042.01 2821 2,174,677.80 1,617,364.21 Storage Battery - Jenny Station 363.501 2521 51,194.42 2821 51,194.42 0.00 Poles Towers & Fixtures 364.101 2521 9,920,309.05 2821 7,259,137.21 2,661,171.84 Overhead Conductors & Devices 365.101 2521 9,810,070.89 2821 6,793,420.99 3,016,649.90 Underground Conduits 366.101 2521 13,362,896.17 2821 8,950,977.21 4,411,918.96 Underground Conductors & Devices 367.101 2521 22,035,317.10 2821 16,488,709.33 5,546,607.77 Line Transformers 368.101 2521 6,802,468.58 2821 4,762,173.59 2,040,294.99 Services 369.101 2521 4,137,156.18 2821 3,351,901.87 785,254.31 Meters 370.101 2521 9,050,239.34 2821 610,891.17 8,439,348.17 Street Lighting 373.101 2523 0.00 2823 0.00 0.00 Easement - Jenny Station (50 Years) 2601 185,500.00 2901 119,000.00 66,500.00 Total Distribution $85,239,401.48 $53,678,125.92 $31,561,275.56

General Plant Land & Land Rights - Grand St. Station 389.101 2501 $47,443.89 2811 $0.00 $47,443.89 Structures & Improvements 390.101 2511 5,669,913.39 2811 2,832,445.59 2,837,467.80 Office Mechanical Equipment 391.101 2551 1,255,119.18 2851 1,117,325.01 137,794.17 Office Furniture & Other Equipment 391.201 2571 899,921.88 2871 596,396.47 303,525.41 Computer Equipment & Software 391.301 2561 3,249,213.26 2861 3,120,832.34 128,380.92 Office Equipment-System Software-Cayenta 391.306 2591 1,012,361.62 2891 751,822.17 260,539.45 Dispatch Center Equipment 391.401 2551 350,720.11 2851 214,097.49 136,622.62 Transportation Equipment 392.101 2581 42,378.98 2881 42,378.98 0.00 Transportation Vehicles 392.105 2581 60,867.03 2881 55,239.58 5,627.45 Construction Vehicles 392.106 2581 2,909,901.57 2881 2,399,757.54 510,144.03 Electric Transportaion Vehicles 392.107 2581 199,168.67 2881 85,595.97 113,572.70 Electric Construction Vehicles 392.108 2581 21,855.88 2881 21,855.88 0.00 Stores Equipment 393.101 2551 128,116.93 2851 68,307.49 59,809.44 Shop & Garage Equipment 394.101 2551 25,712.82 2851 22,427.50 3,285.32 Tools & Work Equipment 394.201 2551 804,211.53 2851 754,576.14 49,635.39 Communication Equipment 397.101 2551 6,679,346.60 2851 6,471,705.54 207,641.06 Miscellaneous Equipment 398.101 2551 473,779.60 2851 306,493.11 167,286.49 Total General Plant $23,830,032.94 $18,861,256.80 $4,968,776.14 Subtotal $113,132,360.59 $76,107,586.21 $37,024,774.38

Construction Work In Progress (CWIP) 2701 2704 $3,464,961.64 $3,464,961.64 Grand Total $116,597,322.23 $76,107,586.21 $40,489,736.02 AGENDA ITEM NO: 4.C.19 MEETING DATE:02/25/2019

Alameda Municipal Power Calculation of Non-Power Costs for Balancing Account FY 2019 YTD through December 2018

FY 2018 FY 2019 FY 2019 FY 2019 Annual Annual Budget Actual Budget Budget Year-to-Date Year-to-Date Revenue Sale of Electricity - see Income Statement (4.C.14) 57,985,000 60,470,900 24,334,780 28,784,700 Less Unbilled Revenue Adjustment - Not Booked yet - Other Revenue SBI Solar Surcharge 208,000 - 0 (16) Other Electric Operating Sales 746,130 356,487 178,243 293,082 Cap&Trade Sales Income & LCFS Credit Sale 832,233 943,701 471,851 1,360,216 REC Sales Income 2,355,058 2,246,992 1,123,496 1,097,033 Interest Income 300,000 300,000 150,000 391,565 Less Restricted Int. Income for Trustee A/C (24,678) Non-Operating Income/Deduction Net 265,591 276,003 138,001 128,074 Reserves Reduction - Release Reserves funds for designated usages 8,453,000 3,946,600 1,973,300 (3,274) 13,160,012 8,069,783 4,034,891 3,242,001

Retainments - UUD Reserve Funding (1,160,000) (1,160,000) (580,000) (604,500) Retainments: Solar Surcharge (208,000) - - - Retainments: Cap&Trade and REC Sales Net Revenue (3,187,291) (3,190,693) (1,595,346) (1,381,753) (4,555,291) (4,350,693) (2,175,346) (1,986,253)

Adjusted Net Revenue 66,589,721 64,189,990 26,194,324 30,040,449

Purchased Power (31,202,000) (29,209,024) (12,512,161) (14,745,242)

Expense Items Included In Non-Power Costs Total Operating Expenses - see Income Statement (4.C.14) (23,427,928) (53,888,377) (30,714,503) (25,007,250) Remove Purchased Power included in Total Operating Expenses 29,113,973 29,209,024 15,369,396 14,745,241 Non-Power Operating Expenses 5,686,045 (24,679,353) (15,345,107) (10,262,009) Remove Depreciation 3,230,000 3,230,000 1,615,000 1,923,900 Non-Power Operating Expenses Excluding Depreciation 8,916,045 (21,449,353) (13,730,107) (8,338,109)

Debt Related Charges (1,406,713) (1,343,052) (671,526) (666,075) Less Debt Cost Amortization 62,000 62,000 31,000 (31,001) PILOT/ROI (1,445,575) (1,488,942) (744,471) (736,998) Non-Operating Revenue & Expenses (2,790,288) (2,769,994) (1,384,997) (1,434,075)

Capital Projects (see 4.C.9) (9,927,180) (5,561,000) (2,780,500) (993,581)

Total Non-Power Costs (3,801,424) (29,780,348) (17,895,604) (10,765,765)

Recap of Income and Expenses Sale of Electricity 57,985,000 60,470,900 24,334,780 28,784,700 Other Revenue Sources 13,160,012 8,069,783 4,034,891 3,242,001 Retainments (4,555,291) (4,350,693) (2,175,346) (1,986,253) Purchased Power Costs (31,202,000) (29,209,024) (12,512,161) (14,745,242) Total Non-Power Costs Excluding City Transfer (3,801,424) (29,780,348) (17,895,604) (10,765,765) Transfer to City of Alameda General Fund (3,700,000) (3,818,400) (1,909,200) (1,909,200) Over (Under) Collection 27,886,298 1,382,218 (6,122,641) 2,620,242 AGENDA ITEM NO: 4.D.1 MEETING DATE: 02/25/2019 ADMINISTRATIVE REPORT NO.: 2019-39

To: Honorable Public Utilities Board Submitted by: ______/S/ Robert J. Orbeta AGM - Administration

From: Carolina E Mazilu Senior Utility Accountant Approved by: ______/S/ Nicolas Procos General Manager

Subject: Treasurer’s Report for the Month Ending December 31, 2018 ______

RECOMMENDATION

For information, no action is recommended.

BACKGROUND

This report is submitted in compliance with Alameda Municipal Power’s (AMP) policy and the State of California Government Code Sections 53607 and 53646(b).

DISCUSSION

Funds have been managed and invested in compliance with the Public Utilities Board’s Resolution No. 5142. AMP’s expenditure requirements for the next six-months are covered by anticipated revenues and the liquidity of current investments.

Investments The total book value of AMP’s investment portfolio is $63,760,553. The current market value of the portfolio totaled $63,518,366. Investments are held to maturity or may be sold when prices yield a gain on the sale. The overall portfolio has a weighted average interest rate of 2.404 percent.

Interest Rates During the period, rates on 90-day T-Bills increased 8 basis points from 2.32 percent on November 30, 2018 to 2.40 percent on December 31, 2018. Rates on the 30-day London Interbank Offered Rate (LIBOR) increased 5 basis points to 2.35 percent on December 31, 2018 from 2.30 percent on November 30, 2018.

BUDGET CONSIDERATION/FINANCIAL IMPACT

None

EXHIBITS

A. Investment Portfolio Summary and Detail B. Supplemental Schedule - Sources of Investments & Investment Portfolio Alameda Municipal Power INVESTMENT PORTFOLIO SUMMARY December 31, 2018

Current Book Unrealized Percent of Average Market Value Value Gain (Loss) Total Return

Local Agency Investment Fund $48,181,139 $48,285,803 -$104,664 75.73% 2.291% Cash & Money Market 2,201,371 2,201,371 $0 3.45% 0.850% Municipal Bonds 2,097,797 2,098,967 -1,170 3.29% 3.455% Corporate Fixed Income 4,380,413 4,438,490 -58,077 6.96% 3.606% Certificates of Deposit(s) 6,657,646 6,735,922 -78,276 10.56% 2.896%

Total Investment Portfolio and Weighted Average Return $63,518,366 $63,760,553 -$242,187 100.00% 2.404%

Fiscal Year (FY) 2019 Budgeted Interest Income $300,000 FY2019 Year-to-date Interest Income Estimated $391,565 Percent of Interest Received To Date 130.5%

Actual Budgeted FY 2018 Interest Income $826,098 $300,000 FY 2017 Interest Income $470,818 $120,000 FY 2016 Interest Income $316,332 $101,000 FY 2015 Interest Income $173,594 $105,000 FY 2014 Interest Income $85,857 $105,000

AGENDA ITEM NO: 4.D MEETING DATE: 02/25/2019 EXHIBIT A: PAGE 1 of 3 Alameda Municipal Power DETAIL OF INVESTMENT PORTFOLIO December 31, 2018

Investment Investment Custodian / Par Coupon Current Date of Date of Yield to Call Book Value CUSIP Description S&P Rating Value Rate Market Value Investment Maturity Maturity Date Purchase Price

Local Agency Investment Fund (LAIF) LAIF 2.291% $48,181,139 11/01/18 11/30/18 2.291% $48,285,803

Cash & Money Market Funds $2,201,371 0.850% $2,201,371 11/01/18 11/30/18 0.850% $2,201,371 Subtotal $2,201,371 $2,201,371 $2,201,371

Corporate Bonds 037833BF6 Apple Inc. 2.700%, 05/13/2022 AA+ 300,000 2.700% 296,658 11/16/17 05/13/22 3.336% $ 305,188 06746XQJ5 Barclays Bank Plc Mtn 3.250 to 9/19, 9/27/2023 A 250,000 3.300% 249,145 10/23/18 09/27/23 4.532% 09/27/19 248,750 110122AT5 Bristol-Myers Sqibb Co 2.000%, 8/1/2022 A+ 250,000 2.000% 240,283 12/06/17 08/01/22 3.286% 246,757 17325FAJ7 Citibank NA 2.125%, 10/20/2020 A+ 250,000 2.125% 245,045 11/16/17 10/20/20 3.585% 09/20/20 250,002 12634MAD2 Cnooc Limited Sr Glbl NT 23 3.750% 5/2/2023 A+ 225,000 3.750% 224,854 12/20/18 05/02/23 3.765% 225,853 375558AU7 Gilead Sciences Inc Sr Nt 4.400% , 12/1/2021 A 250,000 4.400% 258,000 11/14/18 12/01/21 3.419% 09/01/21 258,128 377373AD7 Glaxosmithkline Capital 2.850%, 5/8/2022 A+ 250,000 2.850% 246,968 11/14/18 05/08/22 3.608% 245,953 459200JF9 IBM Corp 2.250%, 02/19/2021 A+ 150,000 2.250% 146,978 11/16/17 02/19/21 3.442% 151,012 459200JQ5 International Business Machs Sr Glbl NT2 2.500%, 1/27/2022 A 250,000 2.500% 243,405 11/14/18 01/27/22 3.721% 243,678 24422ERM3 John Deere Capital Corp 2.750%, 3/15/2022 A+ 300,000 2.750% 295,419 11/16/17 03/15/22 3.431% 306,379 46625HRL6 JP Morgan Chase & Co 2.700%, 5/18/2023 A- 250,000 2.700% 240,133 10/18/18 05/18/23 3.872% 03/18/23 240,218 674599CE35 Occidental Petroleum Corporation 2.700%, 2/15/2023 A 225,000 2.700% 218,077 12/20/18 02/15/23 3.509% 11/15/22 218,610 68389XBK0 Oracle Corp 1.900%, 9/15/2021 AA- 250,000 1.900% 242,553 12/06/17 09/15/21 3.414% 08/15/21 247,992 713448DL9 Pepsico Inc 1.700%, 10/06/2021 A+ 250,000 1.700% 241,800 12/06/17 10/06/21 3.388% 09/06/21 245,637 74460DAB5 Public Storage 2.370%, 9/15/2022 A 250,000 2.370% 241,450 12/06/17 09/15/22 3.549% 08/15/22 248,476 828807CG0 Simon PPTY Group LP NT 4.125, 12/1/2021 A 250,000 4.125% 255,918 11/07/18 12/01/21 3.541% 09/01/21 255,855 89114QES3 Toronto Dominion Bank Sr Glbl, 3.500%, 11/30/2023 A 250,000 3.500% 250,203 11/26/18 11/30/23 4.056% 11/30/19 250,000 931142DU4 Wal-Mart Stores Inc 2.350%, 12/15/2022 AA 250,000 2.350% 243,528 12/06/17 12/15/22 3.445% 11/15/22 250,007 Subtotal $4,450,000 $4,380,413 average days 3.606% $4,438,490

Municipal Bonds 129644YU8 Calhoun Cnty Mich 3.520%, 11/1/2023 AA 225000 3.520% 227,106 12/13/18 11/01/23 3.277% $225,000 232263FG3 Cuyahoga Cnty Ohio Economic Dev Rev 5.034%, 6/1/2023 AA 225000 5.034% 231,908 12/07/18 06/01/23 4.326% 06/01/20 $232,553 299398BJ5 Evansville Ind Redev Auth Rede Lease rental Rev BDS 5.950%, 2/1/2022 A 225000 5.950% 235,404 11/28/18 02/01/22 4.377% 08/01/20 $236,617 34074GDH4 Florida Hurricane Catastrophefd Fin Corp Rev 2.995%, 7/1/2020 AA 225000 2.995% 225,619 12/13/18 07/01/20 2.905% $225,767 64966HTT7 New York NY GO Bds 5.199%, 12/01/2022 AA 225000 5.199% 242,366 11/28/18 12/01/22 3.001% $241,790 6824543V3 Oneida CNTY NY Pub Impt BDS 6.500%, 04/15/2023 AA 225000 6.500% 248,078 11/28/18 04/15/23 4.005% $250,583 73209MAC1 Pomona Calif Redev Agy Successor Agy Tax Allocation 3.406%, 2/1/2021 A+ 225000 3.406% 226,661 12/07/18 02/01/21 2.973% $228,220 95236PET3 West Covina Calif Pub Fing Auth Lease Rev 3.768%, 05/01/2022 A+ 225000 3.768% 228,789 12/13/18 05/01/22 3.062% $229,500 988294BX1 Yuba Cnty Calif Ctfs Partn - Clean Renew Energy Proj 3.750%, 12/01/2022 AA 225000 3.750% 231,867 12/13/18 12/01/22 3.167% $228,938 Subtotal $2,025,000 $2,097,797 average days 3.455% $2,098,967

Certificates of Deposit 01748DAY2 Allegiance BK Houston, TX 250,000 2.200% 239,105.00 10/26/17 11/03/22 3.415% 250,000 02587DZ76 American Express Centurion Salt Lake City, UT 177,000 3.599% 169,718.22 09/08/17 09/12/22 3.599% 177,000 02587DY85 American Express Centurion Salt Lake City, UT 72,000 3.593% 69,063.84 09/11/17 09/06/22 3.593% 72,252 02587CAW0 American Express FED SVGS Bk Instl 245,000 2.569% 244,282.15 08/15/14 08/21/19 2.569% 245,000 05970EAD6 Banco Popular Nor New York, NY 245,000 2.792% 244,171.90 02/28/18 03/09/20 2.792% 03/07/19 245,000 06740KHP5 Barclays Bank Wilmington, DE 245,000 2.649% 244,174.35 07/24/14 07/30/19 2.649% 245,000 206810AG8 C1 Bk Saint Petersburg, FL 245,000 2.179% 243,833.80 03/03/15 09/19/19 2.179% 245,000 140420QF0 Capital One Bank Glen Allen VA 245,000 2.702% 243,951.40 10/09/14 10/16/19 2.702% 245,000 14042RAB7 Capital One NA Mclean, VA 176,000 3.011% 173,909.12 09/16/15 09/23/20 3.011% 176,000 14042RJA0 Capital One NA Mclean, VA 74,000 3.389% 71,193.92 09/19/17 09/27/22 3.389% 74,000 15118RKS5 Celtic Bank Salt Lake City , UT 49,000 1.750% 47,772.06 12/27/17 12/24/20 3.061% 48,503 17284C5Z3 Cit Bank Salt Lake City, UT 245,000 2.717% 243,816.65 12/10/14 12/17/19 2.717% 245,000 20033AM52 Comenity Cap Bk Salt Lake City, UT 250,000 3.300% 249,012.50 10/23/18 10/31/22 3.410% 250,000 254673VV5 Discover BK Greenwood 250,000 3.000% 249,967.50 10/30/18 11/02/20 3.005% 250,000 29367RGU4 Enterprise Bank Allison Park, PA 245,000 2.812% 241,768.45 03/03/15 03/20/20 2.812% 245,000 29976DA91 Everbank, Jacksonville, FL 100,000 2.965% 98,409.00 10/11/17 09/15/20 2.965% 100,300 31938QL93 First Business, Madison WI 245,000 2.885% 241,111.85 05/27/15 06/11/20 2.885% 245,000 320844PP2 Firstmerit Bk, Akron, OH 245,000 2.718% 242,341.75 07/08/15 07/23/20 2.718% 245,000 34387ABF5 Flushing BK NY CD, Flushing, NY 245,000 2.281% 244,438.95 04/01/15 04/15/19 2.281% 245,000 38148PTQ0 Goldman Sachs BK New York, NY 249,000 2.500% 240,591.27 11/21/17 11/29/22 3.431% 249,000 49306SYW0 Key Bank Cleveland, OH 247,000 2.982% 242,319.35 09/13/17 09/25/20 2.982% 247,000 588806AT6 Merchants Hillsboro, OH 50,000 2.000% 49,465.00 12/27/17 08/05/20 2.690% 49,872 59013JB65 Merrick Bank, South Jordan, UT 223,000 3.182% 216,015.64 10/03/17 10/12/21 3.182% 223,000 59013J4Y2 Merrick Bank, South Jordan, UT 250,000 3.200% 249,832.50 11/19/18 01/20/22 3.223% 250,000 71270QML7 Peoples United Bridgeport, CT 245,000 2.500% 242,897.90 02/23/15 03/04/20 2.500% 245,000 74267GVA2 Private Bank Chicago, IL 245,000 2.445% 243,076.75 02/19/15 02/27/20 2.445% 245,000 77579ABM7 Rollstone Bank Fitchburg, MA 245,000 2.569% 242,481.40 04/01/15 04/15/20 2.569% 245,000 795450SC0 Salliemae BK, Salt Lake City, UT 245,000 2.640% 244,186.60 07/24/14 07/30/19 2.640% 245,000 856283YN0 ST BK of India Chicago, IL 245,000 2.567% 244,118.00 05/14/15 05/28/19 2.567% 245,000 87164YCT9 Synchrony BK (Formerly GE Capital Retail Bank) Draper UT, CD 245,000 2.702% 244,076.35 08/15/14 08/22/19 2.702% 245,000 7270LAQ6 TIAA FSB Jacksonville, FL 149,000 1.900% 146,373.13 11/09/17 09/14/20 2.971% 148,996 90348JFJ4 UBS BK USA Salt Lake City, UT 250,000 3.050% 250,170.00 10/30/18 11/09/20 3.012% 250,000 Total 6,736,000 6,657,646 average days 2.896% $6,735,922 Grand Total $63,518,366 2.404% $63,760,553

AGENDA ITEM NO: 4.D MEETING DATE: 01/28/2019 (1) Portfolio details are based on available third-party statements as of 12/31/18 EXHIBIT A: PAGE 2 of 3 Alameda Municipal Power Supplemental Schedule Sources of Investments & Investment Portfolio December 31, 2018

SOURCES FOR INVESTMENTS

Account Operating Funds $9,788,862 Liabilities Balancing Account 10 3401 18,648,533 Clean Future Fund 10 3147 100,439 Donations to AUSD 10 3151 5,441 Reserves For Special Purposes Insurance Reserve Special Fund 10 2107 1,200,000 Underground Fund Carryforward 12/1/2018 10 2111 $ 10,497,875 FY 2019 Undergrounding Funding 10 2111 100,750 Underground Special Fund Used in FY 2019 10 2111 (5,190) Net - Underground Fund Available (Deficiency) 10,593,435 REC Net Revenue Reserve 10 2113 19,282,276 Cap & Trade Net Revenue Reserve 10 2114 3,143,581 Low Carbon Fuel St Revenue Reserve 10 2115 997,986 Total Sources For Investments $63,760,553

Source for Investments

Operating Funds, 9,788,862, 15%

Reserves, 35,217,277, 55%

Liabilities, 18,754,414, 30%

AGENDA ITEM NO: 4.D MEETING DATE: 02/25/2019 EXHIBIT B: PAGE 3 of 3 AGENDA ITEM NO: 5.A.1 MEETING DATE: 02/25/2019 ADMINISTRATIVE REPORT NO.: 2019-40 ACTION: FOR INFORMATION

To: Honorable Public Utilities Board Submitted by: ______/S/ Andre Basler AGM – Engineering and Operations

From: Diosdado V. Hernandez Engineering Manager Approved by: ______/S/ Nicolas Procos General Manager

Subject: Update on Fiscal Year 2019 Capital Improvement Plan Projects ______

RECOMMENDATION

This report is provided for information only; no action is requited at this time. The purpose of this report is to provide the Public Utilities Board with an update on fiscal year 2019 capital improvement plan projects.

BACKGROUND

The attached presentation shows spending on capital projects through December 31, 2018.

DISCUSSION

The attached presentation will be presented at the meeting and will be made available on the Alameda Municipal Power (AMP) website.

NEXT STEPS

Staff is working on Five-Year CIP projects, where projects will be grouped into the following types of programs: system rehabilitation, system additions, system enhancements, underground utility district conversion and new load additions. The progress of these projects will also be made available on the AMP website, using AMP service maps.

FINANCIAL IMPACT

There is no financial impact at this time.

LINK TO STRATEGIC PLAN AND METRICS

KRA 6: Financial and Organizational Stability AGENDA ITEM NO: 5.A.2 MEETING DATE: 02/25/2019 ADMINISTRATIVE REPORT NO.: 2019-40

Goal 6.4: Ensure balanced budget

EXHIBIT

A. PowerPoint Presentation - Update on Fiscal Year 2019 Capital Improvement Plan Projects AGENDA ITEM NO.: 5.A MEETING DATE: 02/25/2019 EXHIBIT A

Update on Fiscal Year 2019 Capital Improvement Plan Projects

February 25, 2019

1 Overview

• Definition of Capital Improvement Plan (CIP) project categories • Update on fiscal year 2019 CIP projects • Forecasted expenditures of fiscal year 2019 • Next Steps

2 Definition of CIP Project Categories

3 Definition of CIP Project Categories

• System Replacements – replace equipment needing replacement due to deterioration or obsolescence (e. g., pole replacement, relay replacement) • System Additions – add new or increase capabilities or add equipment (e.g., vehicle purchase, additional substation) • New Loads – new customers/increased loads (e.g. Site A Development, Admiral’s Cove, Food and Drug Administration Housing) • Underground Conversions – undergrounding utility district (e.g., Broadway Street and Otis Drive districts)

• Cap & Trade – projects that would reduce the green house gas emissions (SF6 breaker replacement / electric vehicles and chargers installation) • Renewable Energy Credits – projects that are certified and funded by renewable energy certificates (e.g. Community Solar) • System Enhancements – projects related to improving the transmission, distribution and substation systems (e.g. smart switches and fiber installation)

4 Update on Fiscal Year (FY) 2019 CIP Projects

5 Update on FY 2019 CIP Projects

FORECASTED BUDGET MID-YEAR %YTD AT MID- EXPENDITURES %YTD AT END UTILITY SYSTEM CAPITAL PROJECTS AMOUNT EXPENDITURES YEAR AT END OF FY19 OF FY19 System Replacements $655,000 $61,214 9% $300,000 46% System Additions $200,000 $10,398 5% $200,000 100% New Loads $1,279,000 $578,968 45% $819,000 64% Underground Conversions $250,000 $24,977 10% $50,000 20% Funded by Cap & Trade $670,000 $351,239 52% $670,000 100% Funded by Renewable Energy Credits (RECs) $950,000 $0 $65,000 7% Advance Metering Infrastructure Deployment - Rates Funding $0 $84,721 $160,000 Subtotal - Utility System Capital Projects $4,004,000 $1,111,517 28% $2,264,000 57%

FORECASTED BUDGET MID-YEAR %YTD AT MID- EXPENDITURES SYSTEM ENHANCEMENTS (CAPITALIZED) AMOUNT EXPENDITURES YEAR AT END OF FY19 %YTD Subtotal - System Enhancements (Capitalized) $825,000 $57,258 7% $205,000 25%

FORECASTED BUDGET MID-YEAR %YTD AT MID- EXPENDITURES INFORMATION SYSTEMS CAPITAL PROJECTS AMOUNT EXPENDITURES YEAR AT END OF FY19 %YTD Subtotal - Information Systems Capital Projects $672,000 $47,245 7% $399,000 59%

FORECASTED BUDGET MID-YEAR %YTD AT MID- EXPENDITURES SUPPORT SERVICES CAPITAL PROJECTS AMOUNT EXPENDITURES YEAR AT END OF FY19 %YTD Subtotal - Support Services Capital Projects $60,000 $0 0% $60,000 100%

TOTAL CAPITAL IMPROVEMENT PLAN PROJECTS $5,561,000 $1,216,020 22% $2,928,000 53%

6 Update on FY 2019 CIP Projects

$5,561,000

$2,633,000 Difference

$2,928,000

Difference is due to the following projects that will not be completed or have been delayed in FY19:

1. Community Solar = ~ $900K 2. System Replacements, Underground Utility Districts, New Loads = ~ $800K 3. System Enhancements Projects = ~ $600K Electric Capital Additions 4. Information Systems Capital Projects = ~ $300K Budget vs. Actual and Forecast TOTAL = ~ $2,600K

7 Update on FY 2019 CIP Projects

• Installed 5,280 circuit feet of underground distribution cables for new loads • Installed 1.35 megawatts of new connected loads

• Installed three sulfur hexafluoride (SF6) breakers at Jenney Substation • Upgraded four Cartwright feeder breakers with electronic relays for increased system reliability – Corrective action for the July 4, 2017 outage

• Issued RFP to purchase three SF6 breakers for Cartwright Substation • Installed electric infrastructure for 12 TESLA electric vehicle chargers at South Shore Center • Issued Battery Storage System Interconnection Procedure • Issued Request for Proposal (RFP) to purchase transformers for new loads • Issued RFP to purchase distribution cables for new loads • Revised rules and regulations to be consistent with other publicly owned utilities in charging customers for new primary and secondary line extension to provide service

8 Forecasted Expenditures by End of FY 2019

9 Forecasted Expenditures by End of FY 19

FORECASTED BUDGET EXPENDITURES AT %YTD AT END UTILITY SYSTEM CAPITAL PROJECTS AMOUNT END OF FY19 OF FY19 System Replacements $655,000 $300,000 46% System Additions $200,000 $200,000 100% New Loads $1,279,000 $819,000 64% Underground Conversions $250,000 $50,000 20% Funded by Cap & Trade $670,000 $670,000 100% Funded by Renewable Energy Credits (RECs) $950,000 $65,000 7% Advance Metering Infrastructure Deployment - Rates Funding $0 $160,000 Subtotal - Utility System Capital Projects $4,004,000 $2,264,000 57%

FORECASTED BUDGET EXPENDITURES AT SYSTEM ENHANCEMENTS (CAPITALIZED) AMOUNT END OF FY19 %YTD Engineering Design Tool $150,000 $75,000 50% Engineering Design Professional Services $200,000 $20,000 10% Retire 4 kV System $200,000 $20,000 10% Fiber Installation Smart Switches $75,000 $0 0% Engineer the Enhancements of Load Tap Changers $100,000 $10,000 10% Substation Equipment Enhancement $100,000 $30,000 30% Distribution Enhancement $0 $50,000 Subtotal - System Enhancements (Capitalized) $825,000 $205,000 25%

10 Forecasted Expenditures by End of FY 19

FORECASTED BUDGET EXPENDITURES INFORMATION SYSTEMS CAPITAL PROJECTS AMOUNT AT END OF FY19 %YTD Conference Room Upgrade $35,000 $35,000 100% Workstation Upgrades {+Supervisory Control and Data Acquisition (SCADA) and engineering (ENG)} $22,000 $22,000 100% Phone System Upgrade + Virtualization $35,000 $0 0% Mobile Devices (Tablets, Smartphones, Geographic Information System Collector) $10,000 $10,000 100% Workstation and PC Upgrade $5,000 $5,000 100% Laptop Upgrades (+ $20k Toughbooks for Eng/Ops) $32,000 $32,000 100% Secure Vendor System $35,000 $35,000 100% Northern California Power Agency Turbine Firewall $3,000 $0 0% Storage Area Network Expansion / Refresh $150,000 $150,000 100% Office 365 $15,000 $15,000 100% Cyber Security Assessment $20,000 $20,000 100% mCARE 2.0 Service Order Platform $25,000 $25,000 100% SCADA Upgrade (ENG) $90,000 $0 0% Power Engineering System (ENG)-software $145,000 $0 0% Virtual Desktop Infrastructure $50,000 $50,000 100% Subtotal - Information Systems Capital Projects $672,000 $399,000 59%

FORECASTED BUDGET EXPENDITURES SUPPORT SERVICES CAPITAL PROJECTS AMOUNT AT END OF FY19 %YTD Energy Efficiency-REC $45,000 $45,000 100% Service Center Upgrades $15,000 $15,000 100% Subtotal - Support Services Capital Projects $60,000 $60,000 100%

11 Forecasted Expenditures by End of FY 19

FORECASTED EXPENDITURES AT %YTD AT END OF UTILITY SYSTEM CAPITAL PROJECTS BUDGET AMOUNT END OF FY19 FY19 Subtotal - Utility System Capital Projects $4,004,000 $2,264,000 57%

FORECASTED EXPENDITURES AT SYSTEM ENHANCEMENTS (CAPITALIZED) BUDGET AMOUNT END OF FY19 %YTD Subtotal - System Enhancements (Capitalized) $825,000 $205,000 25%

FORECASTED EXPENDITURES AT INFORMATION SYSTEMS CAPITAL PROJECTS BUDGET AMOUNT END OF FY19 %YTD Subtotal - Information Systems Capital Projects $672,000 $399,000 59%

FORECASTED EXPENDITURES AT SUPPORT SERVICES CAPITAL PROJECTS BUDGET AMOUNT END OF FY19 %YTD Subtotal - Support Services Capital Projects $60,000 $60,000 100%

TOTAL CAPITAL IMPROVEMENT PLAN PROJECTS $5,561,000 $2,928,000 53%

12 Next Steps

• Working on FY20 CIP – Long Term Project Categories: • System rehabilitation • System enhancements • System additions • Underground conversions • New load additions – Alignment with PUB Approved Strategic Plan • Use of Geographic Information System software to manage critical assets for our Five-Year CIP.

14 Questions?

Diosdado “Dado” Hernandez [email protected] Ph: 510-748-3996

15 To: Honorable President and Members of the Public Utilities Board From: Nicolas Procos, General Manager Re: General Manager’s Report – January, 2019

KRA 1: CUSTOMER PROGRAMS & EXPERIENCE G 1.2 Increase customer energy efficiency I 1.2.2 Implementation of REC Expenditures for Energy Efficiency • Residential Energy Audits –One home energy audit was completed in January.

• Residential Rebates –22 Alamedans received rebates for their energy- efficiency upgrades in December. AMP rebates customers for a variety of upgrades, including lighting, refrigerators/freezers, washing machines, clothes dryers, and heat pump water heaters.

• Energy Plus – AMP’s non-residential direct-install program completed three lighting projects, resulting in 328,332 kWh in energy savings, and one refrigeration project resulting in 5,320 kWh in savings. The lighting retrofits were completed at Safeway Store #2708, Bay Ship & Yacht’s Mitchell Warehouse and Bonfare Market, which also included refrigeration. Since the program’s inception, it has saved 1,242,177 kWh. An additional 323,089 kWh is in the process of installation and should be completed within the next two months.

• Non-Residential Lighting, Self-Install – Diamond Automotive completed an exterior lighting project that provided total kWh savings of 45,731. The project included upgrading the building’s 1000-Watt metal halide bulbs to LEDs. GENERAL MANAGER’S REPORT AGENDA ITEM NO.: 6.A.2 REPORTING PERIOD: January 2019 MEETING DATE: 02/25/2019

• Summary of Energy Efficiency Programs as of January 30, 2019– Please note that the numbers below represent gross savings.

Annual Cumulative Percent Savings Energy Program 1st Q 2nd Q Jan-19 of Annual Target Savings Target kWh/yr kWh/yr Residential 58,000 5,958 7,220 2,428 15,606 27% Refrigeration Residential 238,000 3,021 3,608 1,063 7,692 3% Lighting Residential 1,979 3,081 948 6,008 Other Energy Plus 920,000 594,362 250,484 333,652 1,178,498 128% Non-Residential Lighting, 179,000 11,193 35,146 0 46,339 26% Custom Non-Residential Customized, 176,000 1,418 0 0 1,418 1% Other Non-Residential New 42,000 0 0 0 0 0% Construction Non- Residential, 0 0 0 0 Other TOTAL 1,613,000 617,931 299,539 338,091 1,255,560 78%

G 1.3 Provide programs that support green Alameda I 1.3.1 NREL Top 10 Award for Alameda Green • Alameda Green added 16 new enrollments in January, bringing the total number of participants to 4,447. I 1.3.2 EV Promotion Program Defined • EV Charger Rebate – 12 residential and two non-residential level-2 EV charger rebates were processed in January Since the inception of the charger rebate program in March 2018, AMP has provided 189 rebates to customers.

• EV Discounts – 32 new discount applications were processed in January, bringing the total number of EV discounts to 779. Misc. – Economic Development • Due to the Alameda Point Site A development and the consequential relocation of the AT&T main point of entry (MPE) and AT&T phone circuits, there will be a required telephone service migration for tenants south of the Site A development to a new connection location. This migration is expected to occur by March 1, 2019 and will require termination of the tenants’ current service and transition to new service with AT&T. Affected customers include: Maritime Administration (MARAD); Bay Ship & Yacht; Williams Sonoma; NRC Environmental; GENERAL MANAGER’S REPORT AGENDA ITEM NO.: 6.A.3 REPORTING PERIOD: January 2019 MEETING DATE: 02/25/2019

Sustainable Tech; the Water Emergency Transportation Authority; Matson Navigation; Power Engineering; the USS Hornet Museum; Navigator Systems, and a variety of smaller business. Staff from the City of Alameda, River Rock (the City’s property management firm), and Alameda Municipal Power (AMP) are working with the affected tenants to assure they understand the migration process and take the required actions. Once the relocation takes place, tenants will continue to receive “last mile” telephone service from their Alameda Point location to the new AT&T MPE over AMP cables.

• The second annual Alameda Restaurant Week took place January 17- 27, 2019, with more than 40 across-the-island restaurants participating. Most of the restaurants offered a prix fixe menu with several choices that allowed diners to sample items that may not appear on their regular menus. Additionally, some restaurants offered 2-for-1 entrees, happy hours menus, and/or other culinary specials. Diners who participated were afforded the opportunity to enter a raffle and be entered for a chance to win over $1,300 in Alameda restaurant gift cards.

KRA 2: WORKFORCE G 2.2 Maintain zero preventable vehicle accidents I 2.2.1 Vehicle Specific Training • One employee completed a safe driving class after an unsafe driving report.

KRA 3: SYSTEM RESILIENCY G 3.1 Maintain low customer outage frequency and duration • There was one reportable outage during the month of January. o An outage affecting 137 customers occurred on 1/7/19 and was caused by an emergency breaker replacement. The location was 2149 Otis Drive and the duration was 30 minutes. I 3.1.5 Maintain Compliance with NERC Standards • Completed update and approval of “Protection System Testing Maintenance and Validation” (PRC-005-6) G 3.2 Replace AMP infrastructure I 3.2.1 UUD Shovel Ready • Staff scheduled to present recommended district (Otis/Broadway) to City Council 2/19/19.

KRA 4: GENERAL MANAGER’S REPORT AGENDA ITEM NO.: 6.A.4 REPORTING PERIOD: January 2019 MEETING DATE: 02/25/2019

TECHNOLOGY G 4.1 Achieve total AMI deployment I 4.1.1 Pilot Analysis Report • Completed. I 4.1.2 Business Case • Completed. I 4.1.3 Deployment Implementation • Completed. G 4.2 Implement automated distribution system I 4.2.1 GIS Implementation • Data migration engagement completed. AMP is continuing data quality assurance and network connectivity. Efforts to import the fiber network to GIS continuing. G 4.3 Establish systems inter-operability I 4.3.1 IVR to Cloud • Completed. I 4.3.5 VOIP Phones • Completed. I 4.3.6 Northstar Upgrade • Completed. I 4.3.7 Core Switch • Completed. I 4.3.9 Single sign on for SCADA • Completed. G 4.4 Maintain sufficient level of cybersecurity I 4.4.1 Cloud Disaster Recovery • Procurement in progress. I 4.4.2 Core switch for MAN (Municipal Area Network) • Completed. I 4.4.3 Security Assessment • Completed. I 4.4.4 Security Plan Implementation • Security plan has been developed. Implementation is on-going.

KRA 5: ENERGY RESOURCES G 5.1 Develop alternative energy opportunities I 5.1.1 Energy Storage Analysis • Battery Storage—AMP received two applications for battery storage in GENERAL MANAGER’S REPORT AGENDA ITEM NO.: 6.A.5 REPORTING PERIOD: January 2019 MEETING DATE: 02/25/2019

January. There are five applications in the queue awaiting installation and interconnection from the vendor. I 5.1.3 Local Generation Analysis • Eligible Renewable Generation (ERG) Applications – AMP received six residential solar applications in January under the ERG program. There are currently 78 customers interconnected under ERG and 26 customers pending interconnection.

KRA 6: FINANCIAL & ORGANIZATIONAL STABILITY G 6.1 Meet all bond covenants I 6.1.1 Long-Range Financial Forecast • Load Forecasts & financial forecast currently being worked on I 6.1.2 AMP Financial Policy Review • In process. I 6.1.3 5 Year Capital Requirements Analysis • In process. G 6.2 Ensure AMP's average rates are competitive I 6.2.1 Comprehensive Rate Design Plan • In process. G 6.3 Ensure mutually-agreeable transfer to City I 6.3.1 Long-Range Financial Forecast • Currently on-going. I 6.3.2 Alameda Point Financial Plan • Deferred to FY2020. G 6.4 Ensure balanced budget I 6.4.1 Long-Range Financial Forecast • In process. I 6.4.2 5 Year Capital Requirements Analysis • In process. G 6.5 Ensure Effective Organizational Management I 6.5.1 Create & Implement PUB Governance Workshops • Continuous. I 6.5.2 Develop Business Model Reflecting 2020 Needs • In process. I 6.5.3 Create Partnerships with City Depts • Continuous communication and partnerships being developed. KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.6 MEETING DATE: 2/25/2019

Report Status as of: Annual (FY) Monthly To Date January 31, 2019 Goal Result Goal Result Consecutive Working Days Without a Lost 31 31 147 147 Time Accident (LTA)

Safety and Mandated Training Hours 116 28 337 44

Average Speed of Answer (seconds) 40 28 40 26

Call Volume (# of calls) 5,500 5,391 38,500 31,451

Inspection Miles - Detailed & Visual 18 18 101 101

Outage Minutes/Customers SAIDI 8.08 0.12 56.56 28.11

Total Operating Revenue - Electric 5,479,365 4,926,709 31,364,275 31,564,498 (December 2018)

Total Operating Expense - Electric 4,913,749 5,009,449 27,709,667 25,007,249 (December 2018)

Note: Shaded areas indicate the data is displayed on the accompanying graphs KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.7 MEETING DATE: 2/25/2019

Consecutive#REF! Days without a LTA 2,500 #REF! #REF! #REF! 1,890 1,921 2,000 #REF! #REF! #REF! 1,500 #REF! #REF! #REF! 1,000 #REF!

500 297 236 267 175 206 147 85 116 24 55 -

Result Goal / Expectation

FY 2019 - Safety & Mandated Training Hours 900

823 800

735 700 681 600

519 500

400 391

300 337

221 200 197 147 100 83 44 - - 16 16 25 54 - - -

Goal / Expectation Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.8 MEETING DATE: 2/25/2019

FY 2019 - Average #REF!Speed of Answer (seconds) 80 #REF! #REF! 75 #REF! 70 #REF! 65 #REF! 60 #REF! #REF! 55 #REF! 50 #REF! 45 #REF! 40 43 35 30 28 25 25 27 20 20 16 23 15 10

Goal / Expectation Result

FY 2019 - Call Volume (Total calls) 6,000

5,391 5,000 5,181

4,694 4,686 4,249 4,000 4,223

2,802 2,961 3,000 2,713 2,529 2,631 3,027

2,148 2,468 2,430 2,000 1,570 2,055.00 2,101 1,892 1,694 1,457 1,000

Goal / Expectation Result IVR CSR KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.9 MEETING DATE: 1/28/2019

FY 2019 - Distribution#REF! Inspection Miles 250 #REF! #REF! #REF! 200 #REF! #REF! #REF! #REF! 150 #REF! 129 #REF! #REF! 110 100 91

65 73 65 65 65 51 65 65 65 65 65 65 50 65 38 52 54 36

24 38 18 18 13 24 - - - - 13 ------

Goal / Expectation - Detailed Result - Detailed Goal / Expectation - Visual Result - Visual

FY 2019 - Outage Minutes/Total Customers-SAIDI 150.00 140.00 130.00 Average SAIDI for APPA region 6 120.00 110.00

100.00 96.96 88.88 90.00 80.80 80.00 72.72 70.00 64.64 56.56 60.00 48.48

50.00 40.40 40.00 32.32 27.99 27.99 28.11 30.00 24.24 16.16 27.93 20.00 8.08 10.00 1.18 1.38 0.09 -

Goal - Average for APPA region 6 Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.10 MEETING DATE: 2/25/2019

FY 2019 - Outage Minutes/Customer Out-CAIDI 560.00 520.00 504.00 480.00 440.00 400.00 360.00 320.00 280.00 240.00 200.00 160.00 166.00 96.00 96.00 96.00 96.00 96.00 96.00 96.00 96.00 96.00 120.00 96.00 96.00 96.00 80.00 64.29 45.92 40.00 1.01 0.00 -

Goal / Expectation Result

FY 2019 - Outages/Customer-SAIFI 1.20 Top Quartile 0.96 1.00 0.88

0.80 0.80 0.72 0.69 0.69 0.69 0.64

0.60 0.56 0.48

0.40

0.40 0.32

0.24

0.16 0.20 0.08 0.09 0.11 0.11 -

Goal / Expectation Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.11 MEETING DATE: 2/25/2019

FY 2019 Monthly#REF! Operating Revenue - Electric $7,000,000 #REF! #REF! #REF! $6,000,000 #REF! #REF! $5,000,000 #REF! #REF! $4,000,000 #REF! #REF! $3,000,000 #REF!

$2,000,000

$1,000,000

Goal / Expectation Last Year Result

FY 2019 Monthly Operating Expense - Electric $6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

Goal / Expectation Last Year Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.12 MEETING DATE: 2/25/2019

FY 2019 Cumulative#REF! Operating Revenue - Electric $70,000,000 #REF! #REF!

$60,000,000 #REF! #REF! #REF! $50,000,000 #REF! #REF! $40,000,000 #REF! #REF! $30,000,000 #REF!

$20,000,000

$10,000,000

Goal / Expectation Last Year Result

FY 2019 Cumulative Operating Expense - Electric $70,000,000

$60,000,000

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

Goal / Expectation Last Year Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.13 MEETING DATE: 2/25/2019

FY 2019 Monthly#REF! Net Income - Electric $1,600,000 #REF! #REF! $1,400,000 #REF! #REF! $1,200,000 #REF! $1,000,000 #REF! #REF! $800,000 #REF! #REF! $600,000 #REF! $400,000

$200,000

$(200,000)

Goal / Expectation Last Year Result

FY 2019 Cumulative Net Income - Electric $12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

Result Goal / Expectation Last Year KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.14 MEETING DATE: 2/25/2019

FY 2019 - Monthly#REF! Electric Net Income / KWH $0.05 #REF! $0.0458 #REF! #REF! $0.04 #REF! $0.0323 $0.0368 #REF! #REF! $0.03 $0.0235 $0.0255 $0.0284 #REF! $0.0283 $0.0328 #REF! $0.0267 $0.02 #REF! #REF!

$0.0145 $0.01 $0.0121 $0.0130

$0.0055 $0.0035 $- $0.0047 $0.0024 $0.0011

$(0.0044) $(0.01)

Goal / Expectation Result

FY 2019 - Monthly Purchased Power / KWH $0.140

$0.128 $0.120

$0.094 $0.108 $0.096 $0.095 $0.100 $0.088 $0.096 $0.090 $0.086 $0.087 $0.081 $0.082 $0.085 $0.098 $0.080 $0.080 $0.086

$0.063 $0.074 $0.060

$0.040

$0.020

Goal / Expectation Result KEY PERFORMANCE MEASURES AGENDA ITEM NO.: 6.A.15 MEETING DATE: 2/25/2019

Cap & Trade Cumulative through December 2018 $7,000,000 $5,912,885 $6,000,000 $5,439,385

$5,000,000 $4,514,885 $3,634,385 $4,000,000

$2,844,385 $3,000,000 $2,114,533 $2,000,000 $1,557,873 $918,325 $682,110 $719,350 $756,590 $781,590 $1,000,000 $465,150 $406,300 $249,900 $- $- $126,500 $- FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Actual Actual Actual Actual Actual Budget Estimated Estimated Estimated Estimated

C&T C&T C&T Revenue Approved Spending Projects

REC Sales Cumulative through December 2018 $45,000,000 $40,000,000 $38,521,333 $35,379,733 $37,450,533 $35,000,000 $31,408,933 $30,000,000 $25,466,053 $25,000,000 $22,452,427

$20,000,000 $16,645,137 $15,000,000 $10,460,617 $7,704,110 $8,677,960 $10,000,000 $7,898,680 $4,033,859 $3,180,980 $5,000,000 $- $- $30,236 $41,470 $1,237,660 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Actual Actual Actual Actual Actual Budget Estimated Estimated Estimated Estimated

REC Sales REC Sales Rec Sales Revenue Approved Spending Projects