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will now be recorded okay thanks brian and thanks everybody for joining us um our first order of business at this point i think uh number two is to ask for public comments so any member of the public online that would like to provide comment last chance if you're on mute okay um hearing none we'll move on and uh it's a great pleasure to welcome to our joint committee brenda watson i think many of you know brenda with operation fuel brenda thank you so much for agreeing to join this august committee we we pride ourselves on being collaborative and productive and try and make the time we spend together as efficient as possible so we're delighted to have you on you want to just take a minute to talk about your background and your work with operation fuel hi there thank you so much um yes so brenda watson executive director of operation fuel i've been with the organization for 10 years and over that time period we've had a very close relationship with the green bank so i'm very uh pleased to um have the uh a role on a board um and uh uh so a little bit of what what we do we prov we're a statewide organization uh nonprofit we provide uh direct bill payment assistance to folks who are struggling with their home energy costs including water we also have a home system repair replacement program uh that grant goes up to five thousand dollars and we provide replacements with water heaters as well and we very soon have a joint webinar with the folks at the green bank on the solar for all program we want to help promote that program and get the information out to our users and um yeah we're very pleased to continue our partnership with the green bank that's great well we're really excited to have you thank you very much very welcome a lot of construction behind me so i'm gonna put myself on mute and maximize the volume on my phone okay great and also i want to recognize uh john viglione with the office of consumer council as all of you know karen o'connor was part of our uh committee for for quite some time and she has moved on but it's really important that i think we have the occ represented so john's been nominated um uh i think the uh the uh the eeb board will uh take that up as an official um nomination to be confirmed in its upcoming meeting but john i heard you're on the phone so uh welcome and uh we hope everything goes well with the vote if we can make any phone calls for you or whatever leaflets flyers just let us know because we'd like to look forward to having you on board with us thanks i uh i appreciate it and i look forward to working with all you going forward great okay um moving on then i believe brian number three is the approval of the minutes um hopefully uh everybody found those in their box and uh had a chance to take a look um and we'll proceed on the assumption that that's the case and i'll ask for a motion for approval of the december 18th meeting minutes hi this is brenda i'm going to abstain for obvious reasons mm-hmm this is lonnie okay sorry i'm going to abstain as well for the same reason it wasn't there i think it's okay for the uh the chair uh to uh to make a motion is that for the parliamentarians in the audience is that uh acceptable we still got to get a second anyway so i wish brian we're here why don't we um it's the meeting minutes we could table it to the next meeting if we have to okay all right why don't we do that we don't want to be um taking any chances of filing any any uh proper protocol so we'll move on then to agenda item number four which is a coven 19 uh status update and brian are we rolling right into the survey on that are there other updates that yeah why don't we um so what i thought we would do is to just um brief the rest of the joint committee as well as other members on the call of um some survey work that we did collaboratively uh so i will ask uh my colleagues ron ruggio and liz murphy as well to kind of help me as we go uh in and out the slide in and out of these slides and if mike lee is there mike can weigh in as well um so we we worked together back in early april to put together a survey uh we actually worked closely with advanced ct as well this is the former circ the connecticut economic resource center uh in the governor's office on the survey um really interesting in that they're running surveys almost every week i'm sure as eric you can attest with regards to all the economic development activity that's happening with regards to the covid19 response they're constantly uh working to understand uh the impacts of covid19 on business operations so there were a couple of questions in our survey that we actually had overlap on which is really interesting because it provides us with the baseline and we'll show you uh some of that data in a second but the purpose of the survey was to you know obviously assess the impacts of covet 19 on the clean energy industry in connecticut but to also begin to understand how recovery revitalization and stabilization could occur so that we could help clean energy businesses respond more quickly to covid19 in terms of bouncing back so it was a 33 question survey we had a number of responses i think we had 150 over 150 responses 120 unique businesses um all you know nine over 90 percent of them were small businesses less than 50 employees which tends to be the clean energy sector um but let me just share with you a few of the interesting data points um so the slide that you're looking at here uh is the question of you know how has your business been impacted by covid19 in terms of its employees and what you're looking at here are two data sets so one is our survey the clean energy contractors and the second is the same question was asked in the advanced ct survey which had over 1800 responses from small businesses across the state restaurants financial services you know you name it it's in there and what's really clear here given you know reduction of employee schedules layoffs furloughs is that the clean energy industry fared worse than uh small businesses in connecticut in general so that's a high level comparison we actually can go down and show you detail of sub sectors or sub segments in terms of clean energy industry and let me see i think i have that yeah we'll talk a little bit about it here you'll be able to see some of those sub sectors so um as you started and again we just pulled a few slides from that uh survey and presentation um just to show the impact this one was an important question in terms of you know once the stay at home orders are lifted how long is it going to take your business to recover and you can see on the left hand side there these are all the sub segments of the clean energy industry that responded several of them are really important to our respective programs home energy solutions contractors traditional hvac contractors residential solar contractors commercial solar you know energy efficiency small business energy advantage so there are a few that are really in alignment with our programs and in general the the the worry here is that you see six to 12 months it's going to take for them to recover so as we all think in our developing our plans going forward or our various recovery efforts um it's gonna it's gonna be a while before these businesses uh get back to where they were uh pre-covid uh 19. this again is just one data point there were a number of other questions asked you know how much has your business uh been impacted from a demand perspective looking ahead what do you expect demand to be in in overall their significant um statistics you know no less than 50 55 of demand being down all the way up to 90 so these businesses are being hit really really hard um what we wanted to do uh with them when we presented uh a few weeks ago um and thank you eric for um leading the joint committee with that webinar to our stakeholders was to begin to not only communicate the findings of the survey how they were being impacted by covid19 but begin to share with them our plans and the things that we're doing to assist in their recovery efforts so we literally went sector by sector and i'm going to run through a few of these and ask maybe liz and ron to weigh in as well as we get to some of those programs but overall you know we wanted to communicate to them how they can access federal assistance through the cares act that was a big item we're going to be testing through a follow-on survey how well they accessed the ppp at the time we ran the survey which was from april 14th through the 24th the ppp was just beginning and there was really limited uptake there was lots of frustration so we'll be able to test with the follow-on question how well they did we are messaging strongly how they can access personal protective equipment cbia and constep have some great programs in place including providing small businesses essential businesses with various supplies including connecting local manufacturers of ppe to those who need it so through an exchange so we're continuously messaging to our clean energy contractors how they can go about doing that and deepen the utilities are also developing health and safety protocols which we can talk a little bit about as well um customer demand was hit really hard there are a few things that were done during the covid19 process including seeking some extensions from pura on the z-rec l-rec and and shared clean energy facility timelines um uh the green bank uh relaunching our decd energy on the line program uh buy down for c-pace uh so they're just things that we we put in place to realize the challenges that we're in and to provide more time for these companies to get businesses you know business going you know it may be that you know it was it's more difficult to get permitting from municipalities given how each municipality was dealing with the situation a number of just different factors that were slowing uh business down um project delays as well another filing to pura which they just recently um uh responded to to provide some additional delay uh the smarty loan interest rate buy down we're very much looking forward to working with our utility colleagues as they roll out a great set of incentive programs that they'll talk about in a second and launching an interest rate buy down starting july 1st to support um you know those measures heat pumps battery storage ev chargers and the like um so why don't i if i could um ron turn it to you on the hess if that's okay sure um one of the things that the the companies did is that we had been working on with uh with across multiple states quite frankly on trying to pool resources and um try to get the contracting community uh across the board uh um uh you know prepared for what was what was happening um what you see is that on the on this slide here is that you know we did have um pest business resumption resumption and what we did is you know we we put together some guidelines by i should say we put we adopted some guidelines that a environmental health and safety expert had prepared with respect to energy efficiency work and adopted those guidelines and the first phase which took place allowed contractors to begin work in homes in in businesses if they didn't have to go inside the um living space or the the space where the folks are located um that that has evolved over time um on these slides right here it shows what happened next with regard to some self-serve training to help get these contractors um trained and certified so they could actually do that work we also did some virtual pre-assessment training so that way the hess vendors could begin remotely conducting the audit portion of the hess visit without having to go into the home and throughout this whole process we continued processing our rebate activity um and that anyone who did receive the either the hess virtual assessment um or the will ultimately receive the in-home assessment um that there would be no co-pay for that the one thing that's i will add to this slide as an addendum is that we recently on june 11th um initiated some additional training in certification and we now have guidelines that once the vendors are trained and certified they will actually be able to conduct work with inside the home space uh so in the living space so that essentially it's not what was normally done but this is if you will the new normal of going back to work any questions no okay um the other thing that we worked on was the um it was insulation we had made a proposal too deep to increase our incentive levels for insulation um essentially the level that we um we proposed was uh enough to for the average customer or the typical customer who participates in s to receive their insulation installation at at no cost our incentives will essentially pay for 100 to have that done and the idea was is that coming out of the suspension of work that took place is that we would need a jump start to get the the marketplace going again with with customers allowing contractors into their home and to get the businesses viable again we also did something very similar on the heat pump side um increasing our incentive from 250 a ton to 500 a ton for um the the typical heat pump installations and we also did something very similar on uh geothermal heat pumps um that that we also offer and we also embellished our our heat pump pilot which just uses heat pumps to displace fossil fuel in in the in oil and propane heated homes great thank you ron thank you for that so um you know the team did a really good job communicating all of these to the contractors who participated in the webinar and we also took the opportunity to communicate the commercial incentives uh to assist with the recovery efforts and let me turn this to liz murphy to provide some context thanks brian um so from a small business energy advantage uh resumption of work similar to the home energy solutions and residential program we have been working with partners across rhode island connecticut new hampshire and massachusetts to adopt regional energy efficiency health and safety guidelines along with a return to work strategy so we initially supported ongoing small business energy advantage work to using an imp process project waiver and deep issued an opportunity for comments for on our health and safety protocols um in may and we've since rolled those out and we have vendors that are getting back to work so the waiver that we developed was initially in place to allow projects that were in process prior to the program suspension to proceed the programs were suspended on march 18th so we wanted to allow we wanted a pathway to allow for in-process work to wrap up we had in may we decided to expand the waiver to allow for new new small business projects to proceed so um through through that pathway new work could continue and that was part of our strategy getting vendors back into the field we we offered a complimentary online technical training platform for vendor staff it was completely free self-serve model accessible online and it covered a variety of technical topic areas you know we took advantage of the time where field staff and even office staff are not in the field or in the office performing regular program responsibilities so we offered a pathway for them to brush up on some of their technical skill sets and that was quite successful we had a lot of participation across the four states that supported the um platform on the virtual pre-assessment front we leveraged our small business vendors to offer no-cost virtual audits to micro businesses so this this offering was in pilot form um starting the end of april and throughout may and we recently launched it to a full blown program offering it's a great opportunity for micro businesses who you know have been most impacted by the pandemic and are economically vulnerable to have a virtual energy assessment some easy opportunities were identified and our vendors would then schedule a follow-up on-site audit so that additional more complex opportunities could be addressed following program suspension and customers who participated were provided with a self-installation kit of saving measures and some of the examples are light bulbs faucet aerators and power strips on the small business loan front we offered so initially ne of the earlier actions we had taken was to defer existing small business loans for three months upon customer request so we implemented that pretty early on in the pandemic and then we have since offered a deferral of the start of repayment up to six months post installation for customers who choose to take advantage of that deferral so it just helps to improve their cash flow and hopefully get them up and running quicker progress payments are being developed by the utilities so we were offering 50 progress payments for large projects commensurate with the amount of work that was installed so we're continuing to offer that to our customers and work with working jointly on a solution to allow for progress payments to be made moving forward and uh lastly so we supported um are continuing to support limited time offers to increase customer demand and support small business business energy advantage and other cni vendors through enhanced incentives and i don't know if the incentives are on the next slide here we are perfect so we have significantly increased incentives across our existing buildings programs so here you can see this is our tiered lighting incentive structure initially i'll just use the single non-lighting end use tier as an example so that's our standard lighting tier at the very bottom typically we offer 25 cents per kwh up to 25 of the installed cost and we've increased that to 40 cents per kwh up to um 40 of the installed cost so that's i actually think it's 45 um but anyhow it's significantly increased and we've this has been a really wonderful way for us to jumpstart activity and get things moving um so that we can continue to rebuild the project pipeline and increase project activity perfect excellent yep and then yeah and then uh we also have a comprehensive pathway that allows for oh i'm sorry that's the one we're looking at before yes so our comprehensive pathway we've increased those incentives as well because we want to continue to focus on not only advanced lighting installations but also com project comprehensiveness so to the extent that we can support our customers and encourage them to do more it's really important that we continue that great work thank you brian great great thank you liz forgive me i think i may have swapped the lighting and the comprehensive measures there but that was great coverage um so our our challenge you know as all of you know is you know in re reading the responses to these surveys is you know these businesses were devastated you know 75 of the respondents were the owners um the presidents of the companies you know the managers so these were overwhelmingly the decision makers with regards to the future of the company and you know yes we we pulled a lot of quantitative data but if you read into the qualitative responses where they can provide comments you can really get a sense as to how hard these businesses were impacted so we wanted to present the data to them and also give them confidence that they're they're supported with recovery efforts and our programs are here to help boost them and get them back safely into the work environment um so we are looking at a follow-up survey um we're just wrapping it up now i might poke you all again just to take a look one final time and maybe get this out next week which would be a follow-on survey here you know really is where we're going to get to see some of the paycheck protection program impacts and continue to understand how we can help these companies manage through these challenges through the various mechanisms that we're putting in place from incentives to demand creation public policies and other mechanisms so so stay tuned for that follow-on survey i don't know if there are any other questions comments from from those you know who assisted with this or members of the joint committee on on on this work all right so uh i guess er we could move move to the next agenda item yeah great summary thanks so some really important and uh eye-opening data there um and it kind of flows well into our next agenda item um which is an organization the green bank's been working with to develop a jobs report this actually was initiated before the the kovid um pandemic and uh but timing is everything so um i think brian are you gonna carry us through this or who's yeah let me let me walk through this so it was probably what eric maybe a little over a year ago the joint committee had a conversation about jobs we were heading into the legislative session and working together um uh deep uh the utilities the green bank had assembled our collective impact uh to the state of connecticut and as part of our joint committee conversations we we talked about the jobs element and our jobs data came from this united states energy and employment report the us eer report which is something that's done by nazio the national association of state energy officials and efi the energy futures initiative um and working with them is a company called bw research so they've been doing this work for uh boy what five to ten years now and they publish a national report so so it's it's online it's at the doe website uh you know every state can pull down its report pull down its you know four to five page section on clean energy jobs but so we went through the conversation of you know what do we want to do as a joint committee do we just want to take that data and present that data in a fact sheet or do we want to take connecticut's data put a cover on it give it a little bit more of a look and feel of the state of connecticut or do we want to go further and do what really northeast states have been doing for quite some time massachusetts rhode island vermont new york they've really been taking this data and doing customized reports that they use to communicate to their various legislatures you know they will hold events to announce the release of the reports and it really galvanizes uh the industry around a message of jobs in the state so we decided collectively together that that's where we wanted to go um now the the timing of where we are with covid and everything meant that we couldn't achieve what we wanted to achieve which would have been some sort of event with the release of the report in the middle of session which would have had we felt some played some role in elevating the conversation about clean energy jobs um so what we ended up doing um making a decision about a month ago so massachusetts is really like the the level setter here they they've take they've done this report for over a decade now and the most recent version of the report is less academic and more like highlights it's it's really visually appealing succinct um you can see here the cover of their report you know industrial strength uh women in the labor force you know dirty power plants i mean everything in this cover just kind of it reflects uh what we're we're kind of after um the current draft cover of connecticut's and it's totally draft gang so if we could find a picture that really represents uh you know the cross sector industrial nature of clean energy i think that's what we want to go after but uh rudy put up here just something for us to have uh which is a fuel cell manufacturing uh plant but so i'll be looking to you all to help us let's figure out how we can get a better image on the cover here but it's going to be very visually appealing as opposed to looking like a text and a report uh and be energy energize connecticut branded um the there are a number of different visuals uh within that report this just gives you a sense of the visual appeal of some of the figures and diagrams that are in the report we did go back and add a couple of additional years so we now have a five-year period we added 2015 and 2016 to our data set and then our partner bw research who's been doing the work with us you know launches this survey every year across the country and they actually ask these clean energy companies who they survey and in connecticut they surveyed over 400 companies and we have a nearly 5 000 clean energy businesses and they asked them you know what their business would look like in 2020 and you can see the optimism there right you can see in 2019 to 2020 where they thought they were going to be you know that growth rate is a sign of how optimistic those business leaders felt the market was going to be but in actuality with regards to covid19 we've been hit quite hard so bw research does this nationally by state they look at the unemployment filings by our industry sector classifications and they can actually identify the number of job losses this doesn't include furloughs um so that would even be worse on this number but uh you can see the devastating impact of what covett19 has done it's taken us back to pre-2015 levels in terms of the number of jobs um and then full-time equivalence i just thought this was an interesting graphic showing the significant growth from 2018 to 2019. what this measure shows is that where there are companies whose business is not predominantly clean energy they may just be traditional hvac but what is happening is over time they're they're increasing the level of labor hours to more efficient equipment which is great so so we're seeing more full-time equivalence happening uh growth over over time there'll be more explanations in the report if you took a look at it you'll get to see more of what that means but what we wanted to do was to just give you a sense of of some of the imagery in the reports um some other things on on clean energy in general so we actually spent a lot of time at the front end defining what clean energy is to connecticut so nasio and efi have their own national methodology for what constitutes as clean energy we actually spent time amongst ourselves looking at the policies in place and identifying what clean energy technologies were appropriate to connecticut so for example the biggest one that stands out is nuclear nuclear wouldn't show up in the national study but in connecticut it shows up because uh we had a policy of procuring uh nuclear power so you'll actually see that uh in in the report um let's see um another element of what we're working on is um looking at a number of different positions actually bw research by our different five clean energy sectors notes the wages the minimum to maximum wage levels for probably 40 positions within each clean energy sector what we wanted to do was to pull out 10 of them and give users a sense of the opportunity for work in this sector um so you're looking at here an example of the heating and air conditioning mechanics and installer uh career ladder um this is a draft worksheet it's going to be energized ct branded but it's also going to be coordinated with the department of labor office of workforce competitiveness who and lana you might recall this back as part of public act 1935 there were sections of it that required owc to establish a career ladder for jobs in the green technology industry clean energy is a sub segment of green jobs so to speak so what we've been trying to do is to link our report to that effort and these career ladder worksheets it's our hope that this will be the connection between the report and their work so that we have a connection to the public policy we're still working out the details here but bw research has been great and kathy mariani at department of labor and her team are currently working on this integration so lastly um just to kind of wrap up and this is kind of a call to assistance here just to wrap up i think our goal is to try to have this report done by the end of june so we did add to the scope of work um we added the we're now going to receive monthly memos on the covid19 impacts i think i've been sending those out another one should be coming out within this week or next week they happen monthly usually in the middle of the month so i'll continue to send those out so we have a one-year subscription essentially to that we were able to get a couple more years of data so that we have a five-year data set these career profiles was an additional part of that package as well as coordinating with dol on their career profiles so these were great additions and they're going to hopefully connect us to uh the larger state work being done at dol again we're hoping to complete this by the end of june and when i say we rudy from the green bank has been leading uh the coordination with bw research who's our contractor on the data collection and analysis side along with holly who is the taking the data and putting it into the report structure that you all see in your materials um so our needs going forward um so eric as you see from the draft report we want to put together a letter from you as chair of the joint committee at the outset of the report we can find some time you and i uh to and others who we can get involved to come up with the themes of that letter we i want to put a call out for those high resolution photos you know not only the cover but throughout the report um there are some callouts that we were looking for um uh deep in the utilities to provide if you can take a look at those and that's you know the information that you can provide that'll be great there's a couple of examples in the report that you see and then just lastly um you know i don't want this just to be like rudy and me making the decisions getting the final draft done if um uh you know steve uh ron liz you know anyone from your teams uh you can help connect uh to me that will help rudy and i reach out and you know we can get the final details kind of hammered out so you guys are um comfortable with everything uh as well um so that that's our that's our kind of an update on the report and those are the the needs that we we have to get the report done good stuff any questions for brian on any of that this is uh steve brooms just a quick question for brian brian if you go back to that first slide with the second slide with the job numbers on there here you go were you happy with those numbers i think they look pretty good compared to what we were typically doing at a joint filing but you want to make sure you were good as well yeah i know i think they were great i mean the the year over year was good it's steady um you know the and and there are breakouts by the five different clean energy sectors so you know the efficiency sector is overwhelmingly the jobs i forgot what it was steve maybe 75 i want to say over 30 000 um of the jobs so you'll see that in the report too um yeah i know i i feel like you know we're making steady progress on building an industry um the impacts of covet 19 just can't be understated and that's you know what we're all trying to deal with in terms of the recovery efforts is we need to you know we're probably going to lose some businesses and you know we need to help this market bounce back by getting customers re-engaged very good thanks and we'll we'll look at it and get you the comments back for the call-outs uh this is lonnie um brian i really have to commend you guys i i i love the direction you're going in in in creating narratives for this stuff because as i discovered trying to get legislation through you know when you it gets heavy into energy speak and you don't show people what it looks like um they retreat you know they just like oh you know just it's just numbers and what are you talking about and when you humanize it and really put the people in there and really you know show what we're doing also the impacts in real ways uh create nervous sports why i really like that you're doing this weeks i mean and that's a that's the kind of rapport that you keep with you you know i mean that's something that you can use as a resource going forward so kudos yeah no thank you for that lonnie and you know your advice and guidance going forward i mean we had envisioned you know if we had this report done with the press release you know a month with the end of session coming to an end and you know holding an event or holding hearings it would have just boosted you know the legislature's appreciation for the industry that's been created around the stories of the impact so that's what we envisioned but covid19 threw a wrench into everything but i i think our hope is that w at least get our baseline study down and then next year this knock on wood this process will get easier and we'll be able to integrate it within our message and we'll be able to bring you know the companies and the end users to the forefront so that they can create the stories in the narrative yeah and i and and just building on what you had said earlier on that uh fuel cell cover too many white guys we've got some very nice graphics that show diversity that we're going for because the whole equity and inclusion thing is so critical to what we're trying to achieve and so the more we can tell that story yeah that's so true i mean look at this dead on arrival that cover just right no no totally and look at massachusetts it's so perfectly done right and the funny thing is is with this graphic actually this sign here says hard hat area and none of these people are wearing hard hats it's totally a placeholder but we wanted to show you know get in invite us all to think industrial strength because these th this is these are technologies that are like here to stay or this is uh an industry not fuel cells but just clean energy broadly here to stay well and isn't uh one of the ceos one of the fuel cell companies a woman uh good question yeah proton well the ceo of fuel cell energy is african american well there you go because there's that and and who is the woman who was on our transition committee she's still there oh jennifer arose she's general counsel she's the general counsel but she was temporarily elevated to uh to to president that was it during the transition so we actually have well you know we we did have yeah yeah well you know that's the other thing that happened that's the other thing that happens in life with all of us but hey but it might be so i mean uh you know um our utility colleagues if you have photos or maybe we just go and try to recreate this because it's sending a strong message and one of the things that you'll see in the report as well near the end is actually the comparison of gender and race uh in terms of the labor force in connecticut versus the nation um and we're off so so it we have some work to do um on the equity and inclusion piece but the report's a good baseline uh for us to build from okay on that note i think we're ready to move on um speaking of integration um gosh time flies brian but maybe was it a year ago that um or perhaps more that we decided to uh try and take some steps to address some of the challenges in trying to coordinate between the green bank and the conservation load management board activity uh the time frames of our of our regular reports and that's been a big challenge but i think some great ideas have come to four and uh the teams are working on it and i'm i'm glad we're gonna have an update on on how that's going but because there's some new folks uh involved brian maybe we could just give a quick background on on sort of what the time frames are how they sort of uh are out of sync and to what extent we're trying to trying to pull those together perfect thank you for setting that up um and steve help me out here as well so one of the exercises we did yeah a little over a year ago was to look at the different strategic planning cycles for the utility-administered programs in the green bank and try to see how those cycles overlap and how we can make adjustments to align the cycles in general the conservation and load management plan goes on a three-year cycle the first year cycle takes more work because you are setting the framework for the entire three years um year two and year three get revisions but it's not as heavy of a lift as year one so you see more activity happening leading up to that first year the green bank similar although we had two year plans so what we ended up doing was looking at that and trying to line up uh the overlap so that we can look at our meeting schedule and think about how we can meet reset our meeting dates so that we can compare and contrast where we were on our planning cycles to make sure we were uh encouraging um uh and being knowledgeable of where the our respective plans were so um march 18th this year we were going to touch on um the green banks comprehensive plan um and then input into the calendar year 2021 cl m plan but we canceled that meeting that was right in the heart of covid when we were all kind of figuring out what to do how to deal with it um so june 17th today we were going to look into the cl m which we're going to do some of that but we're going to bring back the green bank thing that would have been covered in march or it would have still been early but we would have covered some so we're going to bring a lot of that into today and then looking ahead you know we would have had a debrief on the legislative session we also looked at that as a lens um the long session the short session to set our dates and then the last meeting of the year was where we started to look forward at the following legislative session the green bank also has revisions to its comprehensive plan that happen in january so what we tried to do was to again just look at our strategic planning cycles and align them so that we were being we were communicating on where we were and aligning them to a quarterly meeting cycle that made sense to reinforce our collaboration uh steve what what did i miss a glenn uh others this is uh steve this sounds great brian i think even missing the march 18th you're still right in a nice inc with the conservation and load management plans uh june 24th next week is our kickoff for the the planning cycle for the 2021 plan update and then so we're scheduled for you know between june and july to work on budgets draft text that works out perfect the only difference is our our plan filing is you know november 1st versus the um no you have in there for december 16th but i think the timing right works works perfect in the june or september time frame works out great cool we might have to look at that september 16 steve if there's something there on the agenda we can add but uh yeah let's come back to it but that was the thinking uh glenn anything else we literally created all these gantt charts and tried to make sense of them all yeah and nothing at this point you know when we go over the the bullets on the 2021 plan update maybe we can you know talk a little bit more about any specifics regarding the clnm update cool so what we thought we would do now is to just kind of jump into it a little bit uh on and again this is like um this is really the first time we're we're executing on this annual schedule so we're gonna get better at this um but we thought we would use this opportunity to cover uh where we are on our respective plans um so we'll start with the green bank uh comprehensive plan the green banzas uh plan um just to orient um everyone uh really the month of may heading into june is when the green banks budget and operations committee which is chaired by ironically it's like everyone i think on this call it's chaired by john harrity eric brown is on the committee um uh lonnie reed is on the committee um so they it's usually two meetings this year we had three um the we essentially go through several things we look ahead at the revenues we look ahead at the targets that we want to set for the fiscal year we look ahead at the operating expenses personnel related non-personnel related and then we look ahead at the types of investments that we expect to make so we just wrapped up yesterday that conversation as well as looking at a new lease a new space for the green bank our leases up here in rocky hills so we also talked a bit about looking at new spaces in hartford and stanford um but on the comprehensive plan um so there was a document uh provided in the materials where we just did a red line um so you know setting new targets for fy 2021 i'll go into some of those in a second uh given the challenges of kobit 19 we actually had minimums and maximums or low and high targets the first time we've ever done that just given the uncertainty uh there are various cleanups in the various notes program alignment we moved smart the smarty loan from financing programs in our organization structure to incentive programs given that we're providing interest rate buy downs uh then once the buy downs are done uh the smarty loan essentially uses the balance sheet of the green bank to compensate local lenders uh on any defaults so it really is a kind of a subsidy program um we are including a fourth metric a fourth target uh you know we we focus on setting targets on the number of projects megawatts deployed an investment we're including ghg emission reductions on an annual basis uh not only is it consistent with our new mission statement but we now uh the is now also administering a national ev carbon offset initiative for a number of end users and manufacturers across the country so we wanted a way of capturing those that program we also noted the continuation of the battery storage efforts that were in the prior plan uh submitted through the electric efficiency partner program uh but more towards the equitable modern grid docket steve this is what we were talking about at the outset we can talk about that offline and then we also included uh the green bond framework supporting our green liberty bonds which i'll talk about in a second we were notified a week ago that the climate bonds initiative has officially certified the connecticut green bank as the 24th issuer in the world on a programmatic bond certification status which essentially means we can certify our own bonds as climate friendly which is kind of rare so really cool stuff so we integrated some of those as red lines into the comp plan these are the targets i'll try to go through them at a high level you can see there's still some data missing we'll have these uh lonnie and eric and brenda updated for next friday's board meeting but you can see from the rcip a minimum and maximum 24 to 40. this is really significant because we're currently at about 326 megawatts towards the 350 megawatt goal if the legislature decides to extend the rcip additionally we projected 40 megawatts last year we did 60 megawatts so this is the impact kobit 19 is having on uh the solar industry so we gave a range a solar for all is our commitment to low to moderate income families on uh solar pv so that's just kind of carving out and trying to hit our goals uh battery storage you see here is contingent on a future pure decision it's either no go or go smarty loan is our targets for the interest rate buy down in the programs that we'll be launching uh july 1st and then on the financing so that's incentive programs which are for the most part are business units that are you know quote unquote cost recovered uh cost recoverable um smarty loan isn't cost recoverable but it is you know knock on wood low defaults using our balance sheet to cover any defaults financing programs is our business line where we expect to get paid back over time um so all of our cpas programs here again you can see the range uh green bank solar pba sbea thank you steve i talked to mackie earlier this should also include bea it sounds like um you all are making progress on the amalgamated extension and all our kind of multi-family these will be filled in i did we talked a little bit about them yesterday with the budget and operations committee uh same thing here on strategic investments so i'll fill those in later um but those are in broadly our our targets for the fiscal year not as not as big as we usually hope or strive towards uh given covid19 just a lot of uncertainty um i'm sure you all are kind of feeling the same and then just kind of wrapping up here so uh our comprehensive plan was called green bonds us um you know it's it's done that way intentionally we're going to be issuing green bonds to raise capital but bonds us the environment bonds us the environment brings us together so it is an equity and inclusion message so we have built a bond uh that we're calling the green liberty bond we designed it to celebrate earth day of course the markets and everything crashed so like literally like uh the month before we were looking to issue these things the markets just went haywire as a result of covid19 but we are really close to releasing the green liberty bonds and what we're trying to do here is to develop a class of green bonds and here's what a green liberty bond is um first of all the the use of the proceeds from these types of bonds has to be used to combat climate change so in our context it's mitigation uh it can also be resilience if somebody is raising money for resilience it's essentially to uphold the paris agreement you have to use your proceeds to uphold the paris agreement which is mitigation and adaptation the second thing is the bonds need to be available to everyday citizens so typically these things are sold to one or two institutional investors insurance companies pension funds what we wanted to do was to create a mechanism that would allow connecticut citizens u.s citizens the ability to buy uh these bonds um so uh that's it's coming uh we're not too far off and then lastly it needs to be certified and verified since these are climate bonds and we're looking to sell them to everyday citizens we wanted a form of consumer protection for those citizens to feel comforted that the use of proceeds is going towards combating climate change so you might start to see this down the road as people talk about green bond this is a class of green bonds that we are designing for citizens to take action on climate uh and as i was mentioning here's a place where you can go to learn more information we are hopefully within two of the next two weeks or so looking to go to market for these these green liberty bonds but bonding will be a part of the green bank's future we spent a lot of time this last year building our foundation to be able to issue bonds and working with the state the treasurer's office opm we're looking to issue bonds to two citizens so that was a a quick review any any questions comments before we kind of transition and then just yeah that's what you sorry just real quickly like you know the utilities you guys are our partners on this right i mean you are uh we we generate renewable energy credits through the rcip program uh we sell them to you you know so this is you guys right there with us um so i just wanted to point that out sorry go ahead no i just wanted just to cover our bases with basies with uh our the lawyers yeah what you just saw is not an offer to sell or solicitation of an offer for uh for these bonds perfect great any other questions comments all right all right i'll turn it uh glenn or um someone else here that's all i'll take this thank you brian um so you know as noted the the two organizations are in different places in terms of their planning time frame so brian um has the ability to share some release preliminary goals for 2021 um as steve bruno noted we are just in the process of kicking off our planning for 2021. um as brian noted earlier um this is a plan update this will be the update for the third year 2021 of the three year 2019 to 2021 plan um and while it's not quite as heavy a lift as the three initial three year plan all the numbers have to get redone um all the tables are updated and revised and while the text is a little bit more pared down because the text is primarily focused on changes in enhancements versus a repetition of already existing texts that remains unchanged from the three-year plan it's still a fairly rigorous comprehensive and detailed undertaking um you know we are we are doing this in the context of uncertainty um i don't think there has been no discussion about having you know upper and lower bands but you know we have begun discussions regarding uncertainty and those discussions will continue not only in the context of the 2021 plan but also goal attainment for 2020 but those discussions will occur occur later this year nonetheless we will have to consider you know whether and how the pandemic will impact the cost for programs the revenues that come in because of changes in sales program implementation models you know as ron noted earlier we're doing virtual assessments um now ju t moving back into into homes and what impact that will have and we have significantly higher incentives through the end of this year whether any of those continue even at somewhat reduced levels will affect cost rates will in turn affect goals and will have an impact on the structure of the pmi the performance management incentives so all those are being teed up and remain to be discussed but will be discussed in some detail over the coming few months um you know you know traditionally um the conservation and load management plan the focus has been on the conservation on the efficiency aspects but increasingly over the last few years and particularly in this last year of the three year plan there has been considerable growth and there will continue to be growth in the load management and the demand response component so that will continue to be a focus and growing emphasis you know of the three-year plan and particularly in this third year plan update um one area that's of interest to a number of parties both on the board and other stakeholders is the opportunity to increase the electrification of end uses you know primarily heating heating and hot water we are pursuing that on a very limited basis currently in in 2020 within the three-year plan restricted to a residential pilot and a potential um cni pilot that may be implemented next year um a broader discussion and decision as to the role of the cnn plans in being a driver in the electrification in connecticut you know we haven't had that conversation yet um it did come up initially during the three year plan and at this point you know we our activities are restricted to pilot efforts um with the hope for intent that the pilot efforts will inform a broader discussion you know i'll also note that you know the issue of electrification you know is also being addressed through other activities ongoing this state the irp process that deep is overseeing and gc3 which is looking at decarbonization with electrification as being a principal venue within the within the building sector um you know there there remains continued interest you know at pura um at the board ensuring that you know there is equitable distribution um of program activities that all market segments have the opportunity and are participating um in an equitable and proportional manner you know the studies that we currently have available largely point to that but that continues to be an area of interest um at the board level and continues to be a topic of discussion and as appropriate you know additional work will be done to assess that and any potential program changes made accordingly um you know and as and as noted from you know prior discussions about uh jobs and workforce you know in some areas we have an aging workforce um and their particular trades such as hvac um where you know it will it will become increasingly important to focus and target and train um the next generation of hvac contractors so we can pursue continue to pursue the efficient installation of efficient hvac and potentially you know use use that hopefully growing number of technicians to also pursue any electrification activities um through hvac you know so that's what i have to say i don't know if fever liz or anybody else from the companies want to add anything further um and again we are at the beginning of the process you know there will be opportunities for the green bank and for others to to engage the consultants the board and the companies in the coming months um prior to the november first filing thanks excellent that was good yeah thank you glenn um so i'm i'm wondering um to you for c and brian as well um uh whether it's the next plan or maybe you know with the feeling i'm being in year three it might be you have to wait till the third to the new three-year plan but can you foresee um a section within each of your reports that might include recommendations uh that are sort of you know common to both to both entities or uh at least um uh reflect a you know a partnership towards achieving those particular uh priorities are are we are we months or years away from that um i want i want to be a little careful i i eric i think i think that's a really a good inappropriate idea um you know it's it's possible that this could be more fully fleshed out within this next three-year plan but that's not to say there couldn't be something in the context of the current plan update but i want to be careful promising because it's the companies not the consultants who actually write the planned text um but it's that's a it's an interesting and appropriate idea thank you eric in general we've we've had um this is steve we've had sections of the plan to talk about you know the joint financing initiatives is you know we work together on the small business and be a financing i think a lot of the zero net energy homes or some of the renewable programs we we kind of wrote in the plan the context that you know we'll look at the energy efficiency and consumption of getting the renewable energy piece in there as well so you know energy really homes people ready homes things like that but the biggest section typically has been focused on the financing area so maybe it's worthwhile to consider whether areas may be worthwhile to to do together yeah and just building from that and maybe orienting new new members to the joint committee is we we typically in these quarterly meetings would look at progress our teams are making in five market segments uh one residential single family two uh residential multi-family and three uh small uh business commercial or medium large business commercial in five you know state leading by example um my gut tells me steve that we probably as we've made progress over the years would be looking ahead at our financing programs and speaking more towards how sbea with americanated bank you know how uh smarty with local lender you know how we're reinforcing those programs as opposed to the market segment because i think you know the last year our teams have made really good progress on coordination of those programs so that's what mike tells me yeah it makes sense great any other questions or comments on this part of the presentation okay hearing none we'll all put on our karnak hats and uh position the crystal ball right in front of us and uh who's seeing any clarity wanting you know essentially when i talk to legislators i mean no one knows what the heck is going to happen and i think they're going to try to keep it a very narrow focus right with two issues essentially the voting bill the you know the ability to vote by mail and um and also police reform that's what i'm hearing but who knows anybody else the challenge there is is of course i don't know nobody knows but i hear a lot that they'll they want to keep it only to uh well before that those issues came up keep it to things that are uh non-controversial compassion animusly with no amendments and um i think the uh the two items you just mentioned uh are highly unlikely to pass any of those tests so um and yet it's hard to imagine a special session that doesn't uh address those or attempt to address those so yeah i mean i it's a complete cost plus ball as far as i can see but i don't think these funds will be rated i feel confident about that really not the special session next year watch out yeah oh okay now and i think as it travels downstream you know and the municipalities get hit there's just a whole bunch of stuff that's going to happen so that um yeah we're being be on our guard yeah well again these reports that uh so many people have been working so hard on that we we had briefings on earlier in this meeting um they will uh they will have their time and they will have their impact and uh so that is that is time and effort well spent and um i'm sure we'll we'll you know hold us in very good status as we go through the next cycle well and i think also you know to your point um in addition to providing this kind of data i mean this is recovery stuff i mean this is how we get better we invest in the things that are going to bring us our future and create jobs and the economy that we need so um you know that's that's really how to sell it you know what what other things are we going to be able to do that are going to move us forward and can move us forward in a sort of very fdr kind of way really you know just tackling some of these issues that have been festering forever and use this as an opportunity okay uh anything else on uh special session if not then i think we're moving to item mate brian other business that's right and and this is just to point out our next meeting of the joint committee as being september 16th of 2020 and you can see right there that we adjusted it last year we had it in october so this is how we strategically adjusted the meeting um but i doubt it will be at the green bank it'll probably be online like online like we're doing here uh which is working great but uh if we can get back the order uh we'll try to do it in person but it's likely it'll be online i'm looking forward to the first meeting at your new location so are we okay and that brings us at 250 to uh item nine but i'll i'll just uh ask again if there's there's anyone from the public who's joined who'd like to make a comment uh anybody who wants to raise something either for purposes of today or as we you know move forward you know something you'd like us to focus on as a committee um you know please me with myself or or brian or our uh glenn our future representative from the eeb hopefully john please pass that information along so we can make sure that we're spending our time on what you feel it we should be eric i i believe we have mike leon maybe we may have lost him yeah there you are mike are you on if mike is on we can probably pass the meeting minutes it looks like he's on you there mike yep great great so we'll take care of that last business then uh way back when um these are the specifically the uh the minutes of the let's see december 18 2019 meeting so again i'll ask for a motion to approve those minutes understanding a number of folks here weren't there but this is my comment thank you mike can we get a second i believe you can eric i believe i can and i will do so so i'll second that and ask for uh a call of the eyes and mays so all those in favor say hi hi hi any nays and then if someone could note the abstentions i believe that's lonnie and was there one other person brenda yeah and okay uh with that the uh the minutes pass and finally i'll ask for a motion to adjourn uh this is brenda i'll make a motion oh second it congratulations brenda that's a great first motion today say hi i think so thank you all very much glad we were able to do this quickly but a lot of good information congratulations and thank you for all the hard work uh that's going into these various efforts and we'll talk to you soon thank you all great