LAFCO outlines renewable energy projects and public bank objectives in San Francisco

The San Francisco Local Agency Formation Commission (LAFCO) is gearing up for a significant push towards renewable energy and public banking initiatives, as discussed in a recent meeting. The commission is set to develop a comprehensive scope of work for local renewable energy projects, with funding sourced from the general fund and the San Francisco Public Utilities Commission (SFPUC). Chair Chan emphasized the need for flexibility as the details are still being finalized.

One of the standout proposals includes a solar plus storage project aimed at community and affordable housing sites, which is currently under consideration. The commission plans to collaborate with the SFPUC to assess the feasibility of this demonstration project.

In addition to renewable energy efforts, LAFCO is actively monitoring the ongoing utility debt crisis. Chair Chan's recent resolution urging action on this issue received unanimous support from the Board of Supervisors, and the state governor has committed to providing utility debt relief. This will remain a priority for LAFCO, with updates expected in future meetings.

The commission is also focusing on establishing a public bank, which involves creating a business and governance plan. A new policy analyst position will be introduced to oversee this initiative, ensuring accountability and effective management of the working group.

Furthermore, LAFCO is set to conduct a survey of app-based delivery workers in San Francisco, partnering with local organizations to gather data on this growing sector. While fundraising for this initiative is ongoing, LAFCO will maintain a limited role in the project.

As the meeting concluded, the proposed budget for fiscal year 2021-2022 was presented, requesting a total of $4.27 million from the general fund. The budget reflects the commission's commitment to addressing pressing issues such as clean power, public banking, and the gig economy.

With these initiatives, LAFCO aims to position San Francisco as a leader in renewable energy and innovative financial solutions, paving the way for a more sustainable and equitable future.