Board approves amendment to SDG&E voluntary allocation (VAMO) to extend delivery term through longest underlying contract
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Summary
The board approved an amendment to the voluntary allocation market offer (VAMO) agreement with SDG&E to extend the delivery term to match the longest underlying power purchase agreement in the portfolio (through about 2042 for some assets); pricing and assets remain unchanged.
The board approved a first amendment to the voluntary allocation market offer (VAMO) with San Diego Gas & Electric (SDG&E) that extends the delivery term for renewable attribute allocations to match the longest underlying power purchase agreement in SDG&E’s portfolio.
Staff said the original VAMO delivery term had been set to end on Dec. 31, 2033, but the California Public Utilities Commission’s direction to utilities requires that CCAs may receive attributes for as long as the longest underlying contract lasts. The amendment does not change pricing or the underlying assets; it simply extends the delivery period so San Diego Community Power may receive the renewable attributes through the later expiration dates in the portfolio (staff noted some assets extend into the early 2040s).
Why it matters The amendment allows Community Power to continue receiving renewable energy attributes from the offered portfolio for a longer period without changing price terms. SDG&E’s board had already approved the amendment; the agency must submit any contract with an investor‑owned utility to the CPUC for final approval.
Board action The board approved the amendment and authorized the CEO to execute the transaction contingent on CPUC approval.
Ending Staff said the change is administrative in nature (delivery term extension) and will proceed to CPUC approval as required for contracts with an investor‑owned utility.