CCA money · CCA
Pico Rivera Innovative Municipal Energy (PRIME)
A City of Pico Rivera enterprise run through CalChoice.
SCEutility territory
2018started serving
1member cities in the index
+10.4%default bill vs utility, SCE June 1, 2026 / CCA May 1, 2026
Default product compared with the utility
| Rates as of | Utility | Schedule | Utility bill | Default product | Difference | All products | Source |
|---|---|---|---|---|---|---|---|
| SCE June 1, 2026 / CCA May 1, 2026 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 523 kWh | $196 | $216 | +10.4% | PRIME Power $216; PRIME Future $221 | source |
| November 15, 2025 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 541 kWh | $210 | $220 | +4.9% | PRIME Power $220; PRIME Future $225 | source |
| June 1, 2025 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 541 kWh | $188 | $207 | +10.4% | PRIME Power $207; PRIME Future $213 | source |
| SCE March 1, 2024 / CCA September 1, 2023 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 520 kWh | $189 | $188 | −0.6% | PRIME Power $188; PRIME Future $193 | source |
| SCE June 1, 2023 / CCA February 1, 2023 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 569 kWh | $203 | $194 | −4.3% | PRIME Power $194; PRIME Future $200 | source |
| SCE March 1, 2023 / CCA February 1, 2023 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 569 kWh | $192 | $189 | −1.4% | PRIME Power $189; PRIME Future $194 | source |
| SCE June 1, 2022 / CCA March 1, 2022 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 564 kWh | $172 | $172 | −0.4% | PRIME Power $172; PRIME Future $177 | source |
| SCE February 1, 2021 / CCA September 1, 2020 | SCE City of Pico Rivera (PRIME) | DOMESTIC (D) · 594 kWh | $151 | $154 | +2.6% | PRIME Power $154; PRIME Future $160 | source |
Finances
| Year | Revenue | Power cost | Operating result | Change in net position | Net position / fund balance | Owed to the city's general fund | Transferred to the general fund | Basis | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2021 | $14.8 million | — | — | −$1.3 million | $3.8 million | — | — | audited | source |
| FY2022 | $18.0 million | — | — | $808,011 | $4.9 million | — | — | audited | source |
| FY2023 | $24.0 million | $17.7 million | $5.1 million | $5.5 million | $10.4 million | — | $0.00 | audited Beginning-of-year net position in the FY2024 ACFR (Pico Rivera fund 560).; operating revenue from the city's documents; cost of electricity from the city's documents; operating income from the city's documents; change in net position from the city's documents; transfer to general fund from the city's documents | source |
| FY2024 | $28.3 million | $20.2 million | $6.8 million | $7.3 million | $17.6 million | — | — | audited | source |
| FY2024 | $28.8 million | — | — | $7.3 million | $17.6 million | — | — | audited Table 9 in the ACFR staff report; MD&A gives operating revenues of $28.15 million and operating expenses of $21.51 million. | source |
| FY2025 | $28.4 million | $23.2 million | $3.6 million | $4.3 million | $22.0 million | $0.00 | $0.00 | audited | source |
| FY2025 | $29.1 million | — | — | $4.3 million | $22.0 million | — | — | audited | source |
Savings it reports
No method is published for these figures.
- FY2023-24 “$1 million in cumulative savings since its inception” source
- undated (older city page) “saved over 17,000 customers an estimated $2.1 million” source
Member cities
Other money with member cities
| Date | City | Kind | Figure | What it is | Source |
|---|---|---|---|---|---|
| 2023-03-28 | Pico Rivera | Collateral | $147,000 city pays | City cash of $147,000 at River City Bank backed PRIME's letter of credit since 2020; a surety bond paid by Fund 560 replaces it. | passage · city original |
| 2023-03-28 | Pico Rivera | Collateral | $25,000 a year · city backs · estimate / proposal | City would pay about $25,000 per year, up to $125,000 over five years, for a surety bond meeting PRIME's financial security requirement. | passage · city original |
| 2023-01-24 | Pico Rivera | Study / start-up | $678,776 a year · city pays · actual / audited | Pico Rivera's PRIME program paid California Choice Energy Authority $678,776 for administration and energy procurement services in the fiscal year ended June 30, 2022. | passage · city original |
Grants and projects for city governments
| Date | City | Figure | What it is | Source |
|---|---|---|---|---|
| 2026-04-28 | Pico Rivera | $50,000 city receives | $50,000 moved from the PRIME Fund budget to the Community Benefit Fund for the World Spirit Festival. | passage · city original |
| 2025-07-21 | Pico Rivera | $300,000 city receives | Council appropriates $300,000 from the PRIME fund as the City's match for a Rivers and Mountains Conservancy park grant. | passage · city original |
| 2025-07-21 | Pico Rivera | $200,000 city receives | Council appropriates $200,000 of PRIME fund balance as the City's match for a HUD grant (Whittier Boulevard Los Paseos). | passage · city original |