Local Power Update

Expectations are high for Local Power's third iteration of community energy - after 30 years of continuous development of Municipal Aggregation, Community Choice Aggregation, Green Bonds and Sustainable Energy Utilities.

We submitted our CCA Master Implementation Plan to the New York regulatory, the NY State Public Service Commission, nearly two years ago. We await and expect approval of the plan in coming months: when depends upon the Commission's President, Rory M. Christian.

Local Power's transformational new model promises not just a bigger impact than CCA in California, which is massive, but extends it beyond the power sector. The Public Service Commissions new process for approving Master Implementation Plans by prospective Administrators of Community Choice Aggregation programs has provided us with an important opportunity to normalize a CCA service whose purpose is to reduce energy demand levels through a voluntary service offered to customers enrolled in Basic Service, which we call Local Power Decarbonization.

Local Power announced CCA 3.0 in its 2020 report of the same name, identifying shortcomings in our previous 2.0 CCA model, known as the California model, in spite of our great accomplishments there, and the need to perfect a new model that will do better on reducing demand and decarbonizing power, heat, vehicles and waste solutions, not just building local renewable supply, as has been done to the tune of over $30B California, over $10B of it using Local Power LLC's Green Bond model.

Also, it was necessary to create a new model for accelerated renewables deployment that would work legally outside California, whose enabling law was written differently from all the other CCA 1.0 states like Massachusetts - and New York. That way, our new model, which works in any state, provides a replicable model for community wide energy transitions by CCAs: our answer to the United Nations' worldwide call for municipalities to demonstrate energy transitions by 2030.

While waiting for New York's regulator to approve Local Power LLC to implement its CCA Master Implementation Plan in New York State, we have worked with our leading communities to prepare themselves to support a community wide energy transition. Both the City of Ithaca and the Town of Ithaca have adopted Local Power LLC's CCA Local Law and Distributed Energy Resource Plan, authorizing the two brains of the energy transition: aggregating power and gas supply throug one program with an opt-out enrollent method; and building local DERs throughout the community through a separate but complementary program using an opt-in engagement method.

As we wait impatiently for the New York Public Service Commission to approve Local Power LLC's Master Implementation Plan, we are confident in Ithaca's political leadership and staff capacity to support a successful program, and are looking forward to a revolutionary 2025.