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Community Choice Aggregation Feasibility Analysis Alameda County <br />June, 2016 33 MRW & Associates, LLC <br /> <br />Table 15. Initial Investment within Alameda County from Proposed CCA <br /> 2017 to 2030  <br />CCA  <br />Scenario  <br />Local Capture on RE  <br />investments (billion$)  <br />As % of County’s  <br />Total RE  <br />investment  <br />As % of County’s  <br />Expected Economic  <br />Activity  <br />Bill Savings  <br />(billion$)  <br />1 $0.42 44% 0.01% $1.57  <br />2 $0.42 44% 0.01% $1.51  <br />3 $0.45 45% 0.01% $0.52  <br /> <br />As can be seen from the table, the initial local investment that would result from building and <br />operating additional renewable projects in Alameda County between the years 2017 to 2030 <br />represents a very small portion of the County’s total expected economic activity, 40 even assuming all of the project costs are directed locally (usually 56% of the project costs would be <br />funneled outside the county due to procurement of equipment from outside the county). By <br />contrast bill savings for scenarios 1 and 2 provide over three fold the benefits of initial local <br />investment. These bill savings indirectly stimulate the economy and ultimately create jobs. <br />Table 16 illustrates this through high-level results expressed as average annual job changes for the three CCA scenarios. While scenarios 1 and 2 create nearly identical direct jobs (due to <br />comparable investment in local renewable projects), scenario 1 creates far more TOTAL jobs. <br />This is due to the higher bill savings under scenario 1. Scenario 3 creates a few more direct jobs, <br />but far fewer total jobs, due to decreased bill savings as compared to the other two scenarios. As <br />a result, its total job impact is 55 percent of the scenario 1 total job impact. A more detailed discussion of these results will follow later. <br /> <br />Table 16. Average Annual Jobs created in Alameda County by the CCA – <br />Direct and Total Impacts <br /> 2017 – to – 2030 County Impacts  <br />CCA  <br />Scenario  <br />Local Capture on RE  <br />investments  <br />(billion$)  <br />Bill Savings  <br />(billion$)  <br />Average  <br />Annual  <br />DIRECT Jobs  <br />Average  <br />Annual   <br />TOTAL Jobs  <br />1 $0.42 $1.57 165 1322  <br />2 $0.42 $1.51 166 1286  <br />3 $0.45 $0.52 174 731  <br /> <br /> <br />40 Forecast to be $3,500 billion (nominal). Source REMI Policy Insight model, Alameda County forecast.