The chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip imited to five minutes each, but in no event shall debate ontinue beyond 1 50 p. M. The chair recognizes the gentleman from texas, mr. Gallego, for five minutes. Thank you, mr. Speaker. Today as we continue our journey through the 23rd district, id like to travel to a small town some 40 miles west of san antonio, that would be hondo, texas. Its about 9. 6 square miles of yukonic america. As you pass the city boundary, there is a sign this is gods country, please dont drive through it like hell. Hat sign, erected by the local lions club in the 1930s, has been featured on postcards, it even made the cover of National Geographic magazine. I remember that sign even as a ittle kid long before i10 was built and through 90 was the eastwest highway from l. A. To florida. The original sign said this is is gods country, do
If as we slide to the right on the top chart greater participation in the premium product that means greater participation at the higher price as you can see the overall grow revenues climb up a bit when you take those gross revenues and look at it what they are on net this is what youre seeing on the bottom slide youre seeing at zero participation in the premium product full participation only in our standard product about 200,000 a year of net revenues well be able to invest in local construction or in Rate Stabilization efforts or other you know policy objectives but as the participation in the green product the darker green product grows the net revenues grow that is close to the one Million Dollars a with thirty megawatts of sales we expect the program to grow so that thirty megawatts to grow over to serving all available San Francisco residential and commercial load so what do you mean right now pg e serves 8 hundred megawatts in San Francisco and we serve thirty with our Municip
Purchase from the power market and sell to the power market for durations up to one year that authority was extended to duration up to 5 years what were seeking in the new legislative reform is authority to use that same feed of contract for up to 20 years were also asking for up to 10 years for standard products in the market for purposes using not only the western standard form contract but also the he had son electric form contract over the years the additional form contracts are used rigorously in the market were seung that authority for longer direct your attention and more than one standard form contract with those proposals well not be seeking to apply those new terms to projects that are developed on city owned property we expect to the extent for example, solar on the revolver of University Mound or solar other City Property we expect the city provisions contracts to apply we are targeting as i said the introduction of the legislation for april 21st next tuesday. Ill be happy
Or not it leads to reduced rates increased customers or we then take the savings, if you will that center money into local bills; right . I mean, thats the design today. So todays design assumes any load this is contributed theyll will be margin to contribute to the rates but on the default product prides are really low and the supply costs effective we could go 50 percent renewal for that product or even higher in the commission deserves to do that but your pointing out we could stay at 50 have additional contributions to march because of the supplies are lower and take that margin and invest it in local build or Rate Stabilization or other policy objectives of the program. And it is on the reverse we talked about the rosy picture what if supply costs radio larger thats example wear asking for the authority to build it at 32 or 50 percent if the prices are hire and the program is costing more we want to slide down the scale to meet the affordability target. That includes the pg e fee
Revenues and look at it what they are on net this is what youre seeing on the bottom slide youre seeing at zero participation in the premium product full participation only in our standard product about 200,000 a year of net revenues well be able to invest in local construction or in Rate Stabilization efforts or other you know policy objectives but as the participation in the green product the darker green product grows the net revenues grow that is close to the one Million Dollars a with thirty megawatts of sales we expect the program to grow so that thirty megawatts to grow over to serving all available San Francisco residential and commercial load so what do you mean right now pg e serves 8 hundred megawatts in San Francisco and we serve thirty with our Municipal Program so you imagine that thirty megawatts growing it could be quite a large opportunity to implement the policy goals and objectives that have been articulated imply the city for the last ten years in trying to launch t