are going to be honoring mike and honoring ed last week and i want to say a special thank you to barbara halend when i came to work with lafco and a decade ago and honestly i didn't realize it was that long ago and barbara and we had conversations about the process and to start the process and others came along but barbara was at the very beginning and always a great voice of reas of what was possible and what was going on and i want to thank you for that, so we are working on a joint meeting and october 26 which is the next scheduled lafco meeting. i have talked with the clerk and barbara and the current general manager so if that date doesn't work we will find an alternate date as soon as possible, and you're right there are next steps so barbara was kind enough to come today and talk where we're going and first is get the contract done with shell. you may have noticed they attended every meeting, in the audience, and they were aware of what it took and they are appreciative but now we're in the next steps of the final hard negotiations and signs of the contract and proceeding with the mark

i'm joined by barbara hale and todd rydstrom our cfo and assistant general manager for finance and business, if you have questions of any of us. i want to go through a quick introduction, what the city goals are, the key program components, what the liabilities may be and ratepayer impacts. san francisco has ambitious climate goals and so right now we're looking and saying we have a goal to achieve greenhouse -- electric system by 2030, reducing carbon emissions by 80% from 1990 levels. this program before you was a single program that has any chance to make a big dent in what's going on there. there's nothing in the horizon that has something like that. it has a mechanism affecting the climate change. i'm a renter. i'm not going to put solar on my roof but i can go out there, in my case, for $8 a month i will be able to have clean green power. nothing i can do will approach that, incredibly efficiently. we're talking about doing it for 90,000 people and growing after that. the long-term goal is not to be buying power from shell. the long-term goal is to do our own generation, to control th

>>barbara hale, verify to our customers the electricity, we are required under state law too make this disclosure and you need to attest to the voracity. we also have been working under the state law with the california energy commission and provided the same information to them, with that, i ask for your support, happy to take any questions. >> any questions? >> i have a question, just because i've lost the thread in it. helpy has been grandfathersed? >> yes. our helpy power, we have' separate stream for helpy power. our content label lists our use of traditionally eligible and large hydro, and disclosing to the customers where the power comes from. that's not going to change as that are faz as we know. this is no expiration stated in the law as pfs passed. >> is there any credit if we replace some of that. there's also talk if you start to replace some. large stale that's grandfathered in, that there could be credit: >> i don't believe the law it covers that. at the time the law was under consideration. there are aspects to the extends that we imrao*uf them, there's an increment of a

with me is barbara hale, in charge of our power, todd is in charge of finance and mike campbell has been in charge of the community program for a while. as a note mike campbell will leave us to go to work for the california puc as a manager in the rate payer advocacy in the future but they are here to answer questions. i thought i would cover most points and make it easier but if you have detailed questions, we are available to answer those. the presentation today, first start with the big picture, obviously. we don't just do this because we think it is a fun idea. we do it because there is climate change, there are things happening and san francisco has to respond to that. this is the single biggest program on the horizon with the city and county of san francisco to make any difference toward any of the goals toward the greenhouse gasses and climate change in san francisco. without this program you have very little sitting out there. this can make a dramatic change and provides the city to offer a choice. i'm sure some in the audience, including myself, got a robo-call that talked about

for the clean power sf program and i want to thank general manager ed harrington and his staff, barbara hale, and others, for their great work. also, for the staff, for lafco, nancy miller, and jason freid for all the great work together, the sponsor of this work today, supervisor campos, who has picked up the baton from ross mirkarimi, who picked it up from tom ammiano, for many, many years, this resolution, this appropriation, ordinance, have been in the making. and i'm very excited that we are here today to really put teeth to our goals on climate change. san francisco, as the general manager said, has ambitious goals around greenhouse gas emissions and reducing greenhouse gas emissions by the year 2012. we're actually supposed to be at 25% reduction in greenhouse gas emissions. actually that's by the year 2017 we're supposed to be at 25% reduction in greenhouse gas emissions. by 2025 we're supposed to be at 40% reduction and by 2050, 80%. as the general manager says there is no other program we have that's actually going to do the work to get there. and we are actually a city whose popul