status update on cleanpowersf program. and a status update on proceedings at the california public utilities commission. supervisor campos: i will turn it over to michael campbell of the san francisco public utilities commission, as well as jason fried from lafco. >> hello. michael candidate, director of cleanpowersf at the sfpuc. i have a short update. hopefully a sweet update. in terms of where we stand, as you know, we have been waiting for the board of supervisors to act. during that interim time, the good outcome of that time has allowed us to go back and renegotiate with shell and get better terms regarding the collateral amount. notably, we have been able to discuss with shell and get them to agree to reduce the amount of collateral that would be going into escrow from $15 million down to $7 million, a reduction of $8 million. that is 3 positive. it increases to $4.5 million. that frees up $6 million from the initial 19.5 appropriation. the appropriation ordinance that will go before the commission, before the board

get to is the general manager harrington and the puc commissioners have been really strong on cleanpowersf. we finally got a strong local bailout component integrated into this program -- billed out component integrated into this program. we have been hearing rumors that the commissioner might be replaced on the public utilities commission. he is to be a director in the department of the environment, it is extremely strong on environmental issues and clean energy. with this program for building hundreds of megawatts at stake and with what we have been seeing in colorado and the rest -- and record heat waves, a lot depends on getting this right in san francisco. i would ask the commissioners of this commission, the staff, and anyone watching this hearing on tv, please contact the mayor's office and asked that we retain this very important environmental commissioner for the public utilities commission said that we can get a clean power sf off the ground properly. supervisor campos: public comment is closed. i do not know if we need to take any action at this point. it is an informational ite