Yes, their power comes from local sources which has been predominantly been paid for by PG&E customers. But, I wouldn't call it a trick. It is more akin to filling a widely shared reservoir at a distant point. As long as the transmission lines that cross the rural western United States are not overloaded, where the power is generated doesn't matter. That allows California to buy more green power from the Columbia River instead of having to burn natural gas at local plants to generate power. Seeing It as an accounting trick sort of misses the bigger picture. Without the infrastructure, SVP could not buy it.
If you take a look at SVP's power sources, you will see that other than a few biomass plants, some natural gas peakers and small solar installations, SVP gets most of its power from rural parts of California with some Washington and Oregon.