cleanpowersf executed the contract on october 27th. executing the sale prior to november 2nd, the november 2nd compliance deadline, enabled cleanpowersf to receive the highest price for the sale of the excess r.a. products, thereby maximizing the benefit to cleanpowersf rate payers. the revenue received by cleanpowersf for the sale will help offset the cost of resource adequacy purchases cleanpowersf made from southern california edison under the contract. and with that i'm happy to take any questions you may have. >> chair fewer: thank you very much. colleagues, any comments or questions for mr. hyaams? if not, i'm going to hear from the b.l.a. on items number 2 and 3. >> good morning, chair fewer, members of the committee. item number 2 approves three contracts, amendments to two existing contracts and a new contract between cleanpowersf and calpine energy for resource adequacy through 2029. mr. hyams summarized the contracts and we also talked about it in our report. and on page 4 of our report, you'll see actual expenditures under

cleanpowersf executed the contract on october 27th. executing the sale prior to november 2nd, the november 2nd compliance deadline, enabled cleanpowersf to receive the highest price for the sale of the excess r.a. products, thereby maximizing the benefit to cleanpowersf rate payers. the revenue received by cleanpowersf for the sale will help offset the cost of resource adequacy purchases cleanpowersf made from southern california edison under the contract. and with that i'm happy to take any questions you may have. >> chair fewer: thank you very much. colleagues, any comments or questions for mr. hyaams? if not, i'm going to hear from the b.l.a. on items number 2 and 3. >> good morning, chair fewer, members of the committee. item number 2 approves three contracts, amendments to two existing contracts and a new contract between cleanpowersf and calpine energy for resource adequacy through 2029. mr. hyams summarized the contracts and we also talked about it in our report. and on page 4 of our report, you'll see actual expenditures under

will help cleanpowersf achieve a 100% renewable energy supply. the proposed contract will cost approximately $25.8 million per year. for a total not to exceed amount of approximately $243 million for the full term. the amendment also extends and increases the community benefits commitment, that calpine made in the original contract, which is managed by our very capable p.u.c. community benefits team. under the new agreement, calpine will be making financial contributions directly to the hunter's point family foundation, to support stem education for the girls' 2,000 program each year for seven years from 2017 to 2025. so the amendment extends that commitment from 2022 to 2025. the girls' 2,000 program provides girls ages 8-16 with mentorship, financial support, and leadership opportunities. the stem education for girls 2,000 will focus on the impact of climate change, on communities like hunter's point, and actions that youth and their families can take to combat climate change. under the existing agreement, calpine brought a group to the geyser'