HomeMy WebLinkAbout16 Consideration of Sale of LCFS Credits
ACTION ITEM #16 Carbon Fuel Standard (LCFS) CreditsConsideration of Sale of California Low Carbon Fuel Standard (LCFS) CreditsConsideration of Sale of California Low June 6, 2018
Consideration of Sale of LCFS Credits Truckee is EV Friendly•Opportunities to serve local rate payers and EV community•Impacts on the electric distribution system•New load growth•(EV’s
) for over a decadeThe District has been evaluating the emergence of Electric Vehicles •BACKGROUND / HISTORY Consideration of Sale of LCFS Credits
Consideration of Sale of LCFS Credits Electric forklifts•ccess EV charging stationsaEnergy usage at the District’s public •EV registered with the California Department of Motor Vehicles
(DMV) in •District receives LCFS credits once per year•Program administered by California Air Resources Board•Includes electricity for EV’s•transportation fuelsLCSF is California’s
other Greenhouse Gas (GHG) market focused on •into the California Low Carbon Fuel Standard (LCFS) programThe District’s Board took action in March, 2017 directing staff to enter •BACKGROUND
/ HISTORY Consideration of Sale of LCFS Credits
NEW INFORMATION New programs may be proposed in the future•charger programstarting with the 2017 credits, and apply the proceeds to fund the new EV authorization to sell the District’s
LCFS credits every year, Seeking •effective programs-Investigating cost•District’s Board directs funding•the EV marketRevenues, by statute, must be invested in efforts to support •Investing
LCSF revenues in District EV programs•Consideration of Sale of LCFS CreditsConsideration of Sale of LCFS Credits
NEW INFORMATION ProgramStaff is investigating a new Residential Level 2 EV Charger Rebate •Funding stream subject to regulatory and market forces•Could see growth in LCFS revenues over
time•Estimated value is $20,000•District’s 2017 LCFS credits•Consideration of Sale of LCFS CreditsConsideration of Sale of LCFS Credits
NEW INFORMATION revenuesAnnual funding for rebates would be limited to the previous year’s LCSF •energy, water, and engagement programsDistrict will leverage staff and systems used to
support existing customer •electricianRebate covers new EV charger purchase plus installation by licensed •Must have EV registered with DMV in District’s electric service territory•District
electric residential customers only•residential property240VAC) EV charger on -Up to $500 rebate to install Level 2 (220•Santa Clara, Palo Alto, Redding, Roseville, SMUD, Burbank•Similar
to other Public Owned Utility (POU) programs•Residential Level 2 EV Charger Rebate Program•Consideration of Sale of LCFS CreditsConsideration of Sale of LCFS Credits
FISCAL IMPACT unknown at this timestream for the District to invest in EV programs but the magnitude is There is the potential for LCFS credits to create an additional revenue •Level
2 EV Charger Rebate Programale of LCFS credits would fund the costs of the new Residential S•Consideration of Sale of LCFS CreditsConsideration of Sale of LCFS Credits
RECOMMENDATION fund a new Residential Level 2 EV Charger Rebate Programevery year, starting with the 2017 credits, and apply the proceeds to Authorize the General Manager to sell the
District’s LCFS credits •Consideration of Sale of LCFS CreditsConsideration of Sale of LCFS Credits