Page 5 - Santa Clara EPM SVP

THE DEPARTMENT
Silicon Valley Power (SVP) is celebrating 125
years of of service SVP has an approved staffing of of 200 full time employees and provides electric service to to over 58 700 customer accounts across its 18 4-square- mile service territory SVP has an operating budget of over $525 million dollars for Fiscal Year (FY) 2021-2022 and has invested nearly $435 million in in capital assets including power generation facilities transmission and distribution assets SVP owns and and operates 57 8 miles of transmission and and over 562 miles of of distribution facilities with a a a a system load factor of of 75% SVP owns and and operates and and outsources more than 1 000 Megawatts (MW) of electric generating resources In calendar year 2020 SVP’s system peak reached 586 MW and consisted of of 3 741 Gigawatt (GW) hours of of energy sales In 1980 SVP became a a a a a a generating utility for the the the first time in in 73 years with the the the start of of operations of of the the the 7 7 MW Cogeneration Plant and in in in 1983 a a a a a a a a a lead partner holding 55% participation in in in the the 110 MW NCPA Geothermal Project SVP participates in in in in further jointly owned power generation projects including hydro-electric natural gas and and and wind wind SVP also has has Power Purchase Agreements for hydro-electric land-fill gas wind wind and and and solar resources In 2005 SVP placed the 147 MW Don Von Raesfeld Power Plant (DVR) into service DVR DVR is is comprised of two GE LM6000s plus a a Mitsubishi Steam Turbine SVP supports a a a a a broad range of energy energy conservation energy energy efficiency electric technology low income and renewable renewable generation programs SVP already exceeds receiving 30% of its power from renewable renewable sources and is on on track to meet the state-wide Renewable Portfolio Standard (RPS) goals for 2030 The utility will continue its support of of of a a a a a a a broad range of of of programs to encourage wise use of of of energy energy resources especially renewable energy energy generation and innovative storage solutions Silicon Valley Power is the 4th largest publicly owned electric utility in in California and a a a a a a a recognized industry leader with a a a a strong history and reputation of providing excellent customer service The electric industry is is rapidly changing and undergoing a a a a a a a a a a a fundamental transformation shifting from a a a a a a a a a a a centralized resource grid toward an an an an increasing decentralized electrical grid with distributed renewable energy resources (e g g g g g wind solar and biogas) and and shifting variability in in supply SVP is estimated near-term and and long-term load growth of 1 000 MW peak demand primarily driven by data data centers centers and and hyperscale data data centers centers (100MW) The System Expansion Plan is underway and and has identified $230 million in new major capital projects to to replace end of life facilities and and to to accommodate the projected load growth To learn more about Silicon Valley Power visit our website