10A Action Items 2016 1121 - Laserfiche WebLink

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 The scenario that offers the greatest electric rate reduction, and thus the greatest ability to generate indirect total jobs based on economic multiplier effects, is Scenario 1. It invests the least in renewables overall, and keeps those revenues in the hands of the ratepayers. Scenario 2 has similar costs, but includes additional renewable energy investment statewide. Scenarios 3 and 4, by contrast, invest even more heavily in renewables, but Scenario 3 invests statewide, while Scenario 4 invests locally; the result is that Scenario 3 generates the fewest jobs locally (although it maximizes renewable energy and GHG reduction), but Scenario 4 generates the most local jobs by a significant margin. Scenarios 3 and 4, however, significantly reduce the projected number of jobs outside of the region because customer savings are not emphasized in these scenarios. As the siting analysis for future renewable energy projects has not been completed, it is not yet possible to estimate the total jobs within Berkeley that would be generated under each scenario. However, countywide jobs can be discerned based on the structure of each scenario. The table below summarizes each scenario and its implications for GHG emissions, jobs, and ratepayer savings. Scenario 1 RPS Compliance Scenario 2 Accelerated investment in renewables Scenario 3 More aggressive investment in renewables Scenario 4 Accelerated investment in local renewables Renewable Content 33% in 2020 & 50% in 2030 50% from 1st year 50% from 1st year & 80% by 5th year Same as Scenario 2 GHG compared to PG&E Higher in every year Slightly Higher for 1st few years Lower in every year Same as Scenario 2 Anticipated Rate Savings 7% 6.5% 3% 5.7% Average Annual Direct Jobs 165 166 174 579 Average Annual Total Jobs 1,322 1,286 731 1,671