The City of Irvine did something very notable on February 8, 2022. The City Council voted unanimously to have the default choice for the City, businesses, and residents to be 100% renewable electricity from the Orange County Power Authority (OCPA).
As a concerned scientist and member of the City of Irvine’s Green Ribbon Environmental Committee, I am very happy Irvine took this step forward.
However, there was an important question posed by Councilmember Larry Agran at the meeting.
The CFO said that the pricing models from OCPA were based on a 5% opt-out rate for residents, and 10% for businesses. Agran asked what happens if the opt-out rate is higher than expected?
CFO Law stated, “If it increases [more] than our expectation or our assumption, it won’t have a significant financial impact, because the revenue will match with all the costs of energy.” That statement is demonstrably inaccurate.