Loading...
HomeMy WebLinkAbout _ 9.5(b)--Update REU's 2026 Strategic PlanC IT Y OF REMDINO�" AN CITY OF REDDING REPORT TO THE CITY COUNCIL MEETING DATE: December 19, 2023 FROM: Nick Zettel, Director of ITEM NO. 9.5(b) Redding Electric Utility ***APPROVED BY*** v , 6,pp4in, c , ctc, hecto of c iris tricUtility.....: iZ,'(i;'?(��� 7i pan i'" nzettel@cityofredding.org btippin@cityofredding.org SUBJECT: 9.5(b) --Oral Report on Redding Electric Utility's 2026 Strategic Plan. Recommendation Accept the Electric Director's oral presentation providing a progress update on the City of Redding Electric Utility's 2026 Strategic Plan. Background/Analysis On August 17, 2021, the Council approved City of Redding Electric Utility's (REU) 2021-2026 Strategic Plan. Since its adoption, REU staff has made significant progress on many strategic goals. This update provides a progress report on the strategic goals, identifies the strategic planning focus for 2024, and provides updated key performance indicators measuring the success of our strategic priorities. Attachments Previous Staff Report - Item No. 9.5(c) --Consider Redding Electric Utility's 2026 Strategic Plan I TY O ' F 0 R N ' AVCITY OF REDDING REPORT TO THE CITY COUNCIL MEETING DATE: August 17, 2021 FROM: Daniel Beans, Director of ITEM NO. 9.5(c) Electric Utility ***APPROVED BY*** D x recti r til Electric Lily �8,4/�2r spin, Ci n c810/2,i?21 dbeans@cityofredding.org 11 btippin@cityofredding.org SUBJECT: 9.5(c) --Consider Redding Electric Utility's 2026 Strategic Plan. Recommendation Approve Redding Electric Utility's 2026 Strategic Plan establishing new vision and mission statements, identifying core organizational values; and setting goals. Fiscal Impact There is no fiscal impact associated with accepting Redding Electric Utility's (REU) 2026 Strategic Plan. Alternative Action The City Council (Council) could choose to not accept REU's 2026 Strategic Plan and provide alternative direction to staff. Background/Analysis The previous REU 2020 Strategic Plan was approved by the Council in 2015. At that time, REU embarked on a structural overhaul to better align the workforce with customer needs, and the strategic plan helped staff focus on several critical areas, including technology, workforce and culture, communications, and financial stability. To address today's fast pace of change to the utility industry, REU staff engaged in a new strategic planning effort. With the assistance of Hometown Connections, Inc. (HCI), an advisory team of community members, City of Redding staff, and members of the Council worked to develop the 2026 Strategic Plan (Plan). The strategic planning team examined REU's strengths and limitations to confirm the utility's mission and priorities that will serve as guideposts for long-term project development and planning. Report to Redding City Council August 10, 2021 Re: 9.5(c) --Redding Electric Utility's Strategic Plan Page 2 New vision and mission statements as well as six core organizational values were identified as part of the strategic plan development process. Additionally, nine strategic goals were identified to allow REU to successfully fulfill its vision and mission: • Complete Critical Wildfire Mitigation Projects • Replace Aging Distribution. System Infrastructure • Initiate Distribution Modernization Program Element • Implement Distribution Risk Management Plan • Complete Energy Trading Modernization and Integrated Resource Plans • Minimize Compliance Failures and Penalties • Align Revenue Collection with Cost -of -Service • Enhance Communication with Customers and the Community • Enhance Employee Development, Attraction, and Retention These goals were designed to aid REU staff in meeting the three strategic priorities identified within the Plan: mitigate risk, maximize reliability, and meet regulations. Council Priority/City Manager Goals • Government of the 21St Century — `Be relevant and proactive to the opportunities and challenges of today's residents and workforce. Anticipate the future to make better decisions today." Attachments REU's 2026 Strategic Plan (available online) In 2021, Redding BeC[[ic Utility /RE[1\ celebrates 10() years of service. RE[] takes g[f,8f pride in helping to make the City (]fRedding and Shasta County great place to live, VVO[k and play. Today, we CODfiDUe[O provide reliable and affordable electric set -vice to the [BBideOfS arid bU8�OesseS Of Redding, while d(--�-VelOpiOg the flexibility and innovation fOrespond fDthe changing utility marketplace. Weremain committed to providing 8[FOO(J ValUe to the Red{JiDg CCJ[OOlUUifVfB[ into the fUfU[e. Redding and Shasta County powered onthrough the Carr Fire of2018and 5nowmaggedonm2019.The year 2020 represented another challenge for the electric utility industry. The COV|D49pandemic proved tobedevastating unour community and nation ascitizens struggled toremain healthy and employed. Electric reliability suffered |n many parts ofthe nation asnatural disasters damaged equipment and disrupted lives. Our employees worked together, asfront- line respondeo.tokeopthepoweronwh||e keeping themselves and our customers safe through our public safety efforts. Aswelook ahead, wemust continue m think and act strategically, addressing changes |ntechnology, customer expectations, regulations and the climate, especially related towildfires. We must continue mbeproactive and adapt quickly mthe changes impacting the electric utility industry tobest serve the Redding community for the next 100years. Change |saconstant mthe electric utility industry, and weare determined mact maway that best serves our customers and the community far into the future. Asalocal, pub||dyownedutU|ty, weare invested m the success ofRedding. REUcompleted its previous strategic plan mzM5.Atthat time, the organization embarked onastructural overhaul to better align the workforce with our customer needs, and the strategic plan helped usfocus nn several critical aeas, including technology, workforce and culture, communications and financial $abUuy. Toaddress today's fast pace o|change tothe utility industry, we engaged manew strategic planning effort. Staff worked closely, fec*-to- facewhen possible, and virtually when CDv|D19restrictions reduced our ability »omeet mperson, Several meetings were conducted with City ofRedding Council members, city staff and community stakeholders toupdate REU'sstrategic plan and chart ocourse for the future, The strategic planning team examined our strengths and Um|tot|ons, confirming the utility's mission and priorities that will serve asguideposts for long-term project development and planning. The 2021 Strategic Plan includes several important updates to our vision, mission and priorities. The vision statement, identifying the value we seek to bring to the Redding community states: PEU rr,okes Reg ding bett(}r by c ren,+nn, ting with ourcosmroe,is E7P3d being t(`tnH trusted o;,a r !C J, r', con rt,mctrn;tly-nvvnn<; t.rtll?ty The mission statement, which describes what we will do to achieve that vision reads: Rt LI,, iii portnr ,t,sr` .ip with Vm) he G/df'/g Polito nitty, is {.`e+'rmmtted tt'',' 3111J Fo-vil? CQ the publics s ate ty Ci'f7C:, rrt t. idi nC( pli 7ble cost - e fec:t,ive service Our organizational values will play a key role in how we fulfill our mission and vision We have an obligation to the community to act in its best interests. As such, we have identified six core values which will drive our actions: Safety Integrity Customer Focus Teamwork Communication • Stewardship Looking ahead to the coming years, we have identified three key areas in which we must excel for the utility to serve the Redding community. They are: Mitigate Risk Maximize Reliability Meet Regulations We believe attention to these three areas will position us to deliver valuable service to the community for many years to come. When the utility was formed 100 years ago, city leaders recognized the wisdom of allowing the community to control its own destiny by building and managing its electric service. Today, the City continues to deliver value to the community through the local control of utility services, maintaining high reliability at very competitive rates, while keeping dollars and jobs in the community. We invite you to review this strategic plan and share your thoughts with us about the direction of the utility. You, the customer and citizen, are the owners of Redding Electric Utility. The ownership partnership formed in 1921 has been — and will remain — a key to our success in the years ahead. The world has changed greatly since RE[1began distributing electricity tothe people of Redding 1[){}years ago. The Utility, too, has seen significant change frC)O0fhe days when it pUrchased all of its wholesale power from area investor-owned utilities. Over the decades, weestablished greater control over our power supply, contracting with the federal government for low cost hydroelectric power, partnering with other agencies toaccess significant economies nfscale and building our own generation facilities. These forward-looking steps by past city and utility leaders ensured greater reliability, rate stability and pred|ctab||uy fsaresult, Redd|ng'slights remain on, bills remain manageable and its owners' best interests are being supported. And who are those owners? No, nisnot Wall Street investment firms, hedge funds and other shareholders. K|syou, the customers nfthe utility and the citizens ofRedding. As apublic power utility, rather than aninvestor- owned ut||u8ourowneoaeourcuuomen. This means decision-making onissues important toyou, such mrates, power supply, reliability and customer service, are made locally. The utility's governing board |sthe Redding City Council, which embraces the critical role that the utility plays mserving the REUemploys 1g3people, who serve v4.905residential and commercial customers within the corporate boundnes of the City ofRedding. Reddmg's population and economy have remained remarkably stable for many years. Most of this century has seen modest growth m population, lagging behind both California and the U.S.population growth rates. Yet, interest mShasta County's vast natural resources continues todrive strong tourism aswell asnew residents, citing the area's natural beauty asa draw. The regional economic outlook isgood, having recovered fairly quickly from the pandemic -fueled downturn. The local industry |sdiversified, with the largest employment sectors being healthcare, retail, education, food, lodging and government. Redding |swell-positioned toremain economically vibrant |nthe years ahead. The utility must continue toadapt to changes mour natural environment, new state and federal regulations, technology advancements and evolving customer For example, the wildfire "seamm^isnearly uyeammnd issue now. We recognize the important role wemust play mplanning for and responding tofires that may impact our service territory. |n2021.technology and human resources |nthe Redding Fire Department and Parks Division have been provided extraordinary tools tobattle the wildfires that continue toimpact California. Astate- ofthe*ueme»A*ncyopeoVnnsoemerwas established atour headquarters building toallow first responders and leaders within our community to work closely together to prevent loss of life and property due to catastrophic events. We work closely with other Redding departments and first responders to ensure public safety. Numerous other technological tools are being implemented, including new communication systems, IQ FireWatch cameras, security cameras in and around electric infrastructure and aerial imagery for assessing the vegetation canopy. All of these tools are congregated in the City of Redding's new emergency operations center. These technologies improve operations, reliability, safety and customer service. By providing funding for firefighters and vegetation management personnel, we have been able to carefully identify and mitigate potential fire hazards that could impact or be caused by our utility. In addition, we have funded a large goat program as part of vegetation management. Through proactive measure and working closely with other city departments, we will continue to reduce the large risks wildfires pose to our beautiful area. Looking within the utility, REU's infrastructure, reliability, and operations are generally in good shape. However, many years of deferred maintenance are resulting in more frequent outages of longer duration. We are at a pivotal time regarding our aging distribution system, and significant capital maintenance and upgrades are needed in order for us to continue providing reliable and cost-effective power to the Redding community. • We employ skilled and professional staff, but we contend with higher wages at utilities in Northern California which draw from our workforce. Financially, the utility is in solid shape, with strong city council leadership and diversified revenue. REU's system reliability is among the highest in the state. Yet maintaining system reliability is a never-ending process, and REU must continue to evaluate its infrastructure and ensure upgrades and technology are completed in a timely and cost-effective manner. In concert with a robust power generation, transmission and distribution system, REU's Customer Services Division provides outstanding service, continually going above and beyond to help our customers. In response to the COVID-19 pandemic, our Customer Services team developed an extensive community outreach program, the Comprehensive Community Assistance Program to inform our customers about available resources. Central to Redding Electric Utility's planning for the future is enSUring all effol,ts sign with its endUring lmssion, vision, acid ValU s, Our vision statement is an effort to describe an ideal future for the utility as it serves the community. It can be thought of as a destina- tion; we hope an ambitious one. With this as our responsibility, our vision statement reads: r;LU muko s ,rye fklinq betterby c n norc,if.cr with ou "tu` tom'p rs uno'beinc thnir thJvted frnd r0iobhe, rear mlrrr,it�r <9w�ts., ._rtii,�ty High reliability, competitive rates, and excel- lent customer service are the foundation of our values proposition to the community. Yet there is much more we can and will do as we embrace this vision. If a vision statement describes a destination, the mission statement describes how an organization will get there. What will we do to attain that vision? Our mission reads: ,, in pfrtfmrs!rip nth the xer,lE. inn !cC?ii7rlrunit%, :s c or"7mnod to hnp rvinP public's sofety>> of Id c>ro iding rr fluble, cusl Fr clhvt C r1 ico. We very much view our role in the commu- nity as a partnership, whether this is with other city departments or outside agencies or organizations. For example, REU and the Redding Fire Department and Parks Depart- ment coordinate their wildfire prevention and response efforts. For our residential and business customers, REU must deliver cost-effective utility services, while continu- ally exploring ways to improve all aspects of our operations. The vision and mission describe what we do morder msupport the Redding community. But how will the utility act msxfulfills these priorities? Establishing our core values |so key part nrdefining who weare, how wewill serve our customers and how wewill treat each other. These are expectations we have nfourselves, and towhich wewill hold each other accountable. Below are outlined six core values with corresponding behaviors and actions. Safety ^wepromote ownership and accountability for safety within the department ^ Wehave onuncompromising commitment for the public and employees' safety ^ Through our safety committee, programs, activities and other initiatives, wopromote aculture ofsafety ^ Wepromote public safety through ongoing education, training, awareness and compliance ^ Wesupport anenvironment |nwhich the public can beserved safely Integrity ^ Weare accountable, ethical, honest, and transparent in everything wedo ^ Wewill protect and maintain the goodwill and trust our community has placed mun ^ Weare loyal ,othe public interest and fairness tnall ratepayers Custorner Focus ~ REUemployees consider the customer first mevery decision wemake sothat we consistently exceed customer expectations ^ welisten to, anticipate and proactively serve customer wants and needs ~ We focus ondelivering what |»most beneficial toour internal and external customers ~ Customers and their safety and satisfaction are our highest priority Teamwork ^ Our team consists ofemployees n[the Electric Utility, the City, the Redding community and Joint Powers Agencies ` Wedemonstrate the principles ofHungry, Humble and Smart asexplained bythe best-selling author Patrick L*nc|on||n his book The Ideal Team Player ^ Weare acohesive unit that exists solely for the benefit n[the community weserve ^ Webelieve Teamwork /nvital for success ^ Wefeel, act and behave moone big team Open Communication ^ 8yactively listening unthe needs o[the community, weprovide timely responses, create understanding ofother's perspectives and show w*care ~ Through transparent communication, wekeep all stakeholders informed, avoid unnecessary surprises and reduce confusion ~ Weare committed tnaction and follow up when necessary, tohelp provide closure for our stakeholders Stewardship ` Westrive ,nrepresent and incorporate the values and needs o[the community mthe management of the utility ^Wefocus onmaximizing value for all customers over the long term ~ Wemanage our physical assets to maximize safety and reliability atthe lowest possible cost ~ Weoffer programs and education tohelp our customers save money and/or reduce their impacts onthe environment ~ Wecontinuously decrease our impacts on the environment while striving /omaintain Three strategic priorities have been identified as points of emphasis in out, strategic planning process."'Ib take advantage Of OLK organizational strengths and to address opportunities for growth and improve Tient, the following strategic priorities serve as the framework for OUr strategic plan. Below are OUr initial goals that will be criti GOAL 4 Implement Distribution Risk Upon completion of our moema| Operational n|sx Assessment we discovered several Management Plan opportunities to improve our internal working systems to minimize risk from organization stmctures, inventory and workflow management techniques. In tandem with replacing Taging equipment and installing new technologies to modernize the system, several projectsprojects5��TsG|CpmO�mB have been selected to ensure the support systems are intact to minimize system risk. This includes a new inventory control system, workflow management systems and software, and organizational structure and gaffing changes to reflect more streamlined operations team. GOAL 5 Complete Energy Trading Our recent overhaul of the Energy Risk Management Policy requires detailed processes to Modernization and Integrated ensure all policy requirements are achieved. To align the policy with day-to-day staff duties, Resource Plans a set orbusiness rules will be developed /o identify modeling and analytical methods used to provide energy trading and hedging recommendations to the Energy Risk and Risk ew|Ucenter d|cau/�omth|spr�� Oversight Committees. performance � 5r��Ts�|CpmO�ms3 to keep our energy portfolio metrics in compliance with the Energy Risk Po||o/ Separately, updated Integrated Resource Plans will be needed u`address the future energy landscape in California, with particular focus paid to electrification of transportation and buildings. In addition to focusing on load growth from carbon reduction effons, additional renewable energy resources will be required to maintain compliance with the State's Renewable Portfolio Standard requirements. GOAL 6 Minimize Compliance Failures As part of our woux American Electric Reliability Corporation registration as a Transmission and Penalties Owner and Operator, we are continually striving to develop a culture of compliance with a particular focus on regulatory best practices. To supporta culture of compliance and the n/_1TsG|CPmOmTdeve|opmemofbe�pm�|ces. a Regulatory Compliance Internal Controls project will be 5�|sS completed to ensure any compliance failures are minimized. With the recent requirement to provide enhanced system security by SB699, we will be focusing on bolstering the security at our substations uyadding additional layers mprotection from sabotage o,ureamns. AE T Align Revenue Collection with Aligning revenues with the cost of providing electric service is imperative to mitigate risks. Cost -Of -Service REU will implement two projects to analyze and recommend a rate structure. The first project will consist of a cost -of -service study that analyzes electric consumption patterns ST" /ATFUiC'i�;of service. To garner support for the rate structure recommendation, a second project will i-� ` ensure significant outreach and community engagement to gather comments, provide education and develop consensus. AL, Enhance Communication with Our Customer Focus Core Value is intended on meeting the needs of our customers and Customers and the Community fostering an ownership relationship with the community. To support this core value, we must increase our communication channels, frequency of outreach and inclusion with our customers as we move through this Strategic Plan cycle. Two projects have been developed to meet this goal. A customer needs survey project will help us identify the areas requiring more attention and communication, while an updated communications plan project will ensure we are more effective at stakeholder processes and customer outreach. Future surveys will be used to gauge the effectiveness of these projects. GOAT. Enhance Employee Development, Because we value our employees, REU identified several employee training and procedure Attraction and etenti n management projects to ensure our teams understand their roles and responsibilities in serving our customers. Furthermore, in order to attract and retain quality and dedicated team members, ongoing labor market analysis must occur to ensure the working environment of REU is one that attracts and maintains employees. This will include studies of pay and benefits = and working conditions. These workforce initiatives are imperative to deliver the strategic MEMEMEMEMEM plan successfully. We wish to acknowledge the many contributions of Redding City Council Members and members of the public. This is a better strategic plan becaUse of extensive discussion, debate and challenges that arose throughout this process, Our process relied heavily Ori an advisory tears of stakeholders from within the ity and the C OnnnnUnity for their perspectives. We thank all Of YOU for your commitment and diligence. Chuck Aukland Nate Fairchild Kristen Schreder Public Works Director Director of Science and Charter City Council School Administration Steve Bade Jake Mangas Chad Scott Deputy City Manager President & CEO, Chamber CEO of the Builder's of Commerce Exchange Tim Danielson Mark Mezzano Jerrod Vala ndingham Salvation Army Captain City Council Fire Chief