CCA money · CCA
San José Clean Energy
A department of the City of San José.
PG&Eutility territory
2019started serving
1member cities in the index
−0.8%default bill vs utility, June 1, 2026
Default product compared with the utility
| Rates as of | Utility | Schedule | Utility bill | Default product | Difference | All products | Source |
|---|---|---|---|---|---|---|---|
| June 1, 2026 | PG&E City of San Jose | E-TOU-C · 377 kWh | $152 | $151 | −0.8% | GreenSource $151; TotalGreen $155 | source |
| PG&E January 1, 2026 / CCA March 1, 2026 | PG&E City of San Jose | E-1 · 411 kWh | $168 | $168 | −0.4% | GreenSource $168; TotalGreen $172 | source |
| March 1, 2026 | PG&E City of San Jose | E-1 · 388 kWh | $160 | $159 | −0.4% | GreenSource $159; TotalGreen $163 | source |
| PG&E September 1, 2025 / CCA May 1, 2025 | PG&E City of San Jose | E-1 · 411 kWh | $177 | $172 | −2.8% | GreenSource $172; TotalGreen $176 | source |
| June 1, 2025 | PG&E City of San Jose | E-TOU-C · 400 kWh | $174 | $170 | −2.2% | GreenSource $170; TotalGreen $174 | source |
| March 1, 2025 | PG&E City of San Jose | E-1 · 411 kWh | $181 | $176 | −2.8% | GreenSource $176; TotalGreen $180 | source |
| January 1, 2025 | PG&E City of San Jose | E-1 · 411 kWh | $179 | $176 | −1.4% | GreenSource $176; TotalGreen $180 | source |
| PG&E October 1, 2024 / CCA August 15, 2024 | PG&E City of San Jose | E-1 · 410 kWh | $178 | $176 | −0.9% | GreenSource $176; TotalGreen $180 | source |
| June 1, 2024 | PG&E City of San Jose | E-TOU-C · 405 kWh | $184 | $180 | −2.2% | GreenSource $180; TotalGreen $184 | source |
| PG&E April 1, 2024 / CCA February 15, 2024 | PG&E City of San Jose | E-1 · 410 kWh | $189 | $184 | −2.7% | GreenSource $184; TotalGreen $188 | source |
| June 1, 2023 | PG&E City of San Jose | E-1 · 418 kWh | $151 | $149 | −1.0% | GreenSource $149; TotalGreen $154 | source |
| June 1, 2023 | PG&E City of San Jose | E-TOU-C · 416 kWh | $148 | $148 | +0.4% | GreenSource $148; TotalGreen $152 | source |
| March 1, 2023 | PG&E City of San Jose | E-1 · 418 kWh | $154 | $153 | −1.0% | GreenSource $153; TotalGreen $157 | source |
| January 1, 2023 | PG&E City of San Jose | E-1 · 418 kWh | $147 | $146 | −1.1% | GreenSource $146; TotalGreen $150 | source |
| March 1, 2022 | PG&E City of San Jose | E-TOU-C · 354 kWh | $119 | $124 | +3.5% | GreenValue $119; GreenSource $124; TotalGreen $127 | source |
| March 1, 2021 | PG&E City of San Jose | E-1 · 478 kWh | $135 | $135 | −0.1% | GreenSource $135; TotalGreen $140 | source |
| March 1, 2021 | PG&E City of San Jose | E-TOU-C · 465 kWh | $132 | $132 | −0.1% | GreenSource $132; TotalGreen $137 | source |
Finances
| Year | Revenue | Power cost | Operating result | Change in net position | Net position / fund balance | Rate stabilization fund | Basis | Source |
|---|---|---|---|---|---|---|---|---|
| FY2022 | $351.1 million | — | $19.8 million | — | $48.3 million | — | audited | source |
| FY2023 | $515.5 million | — | $129.1 million | $127.7 million | $176.1 million | — | audited Source table in $000, converted to dollars. Comparatives also in the FY2024 statements. | source |
| FY2024 | $492.3 million | $389.2 million | $78.7 million | $83.8 million | $259.9 million | $50.0 million | audited | source |
| FY2025 | $467.5 million | $427.7 million | $9.2 million | $22.9 million | $282.4 million | $106.0 million | audited | source |
| FY2026 | — | — | — | — | $294.3 million | — | unaudited Unaudited quarterly statement: net position at 30 Sep 2025. | source |
Credit ratings
- Moody's A2 (stable) — assigned 2024-05-07 source
- Moody's A2 (stable) — affirmed 2026-07-31 source
- S&P A — assigned Jun 3/4 2024 source
Money returned to customers
- 2025-12 → Jan 2026 bills "SJCE Community Energy Credit": energy costs lower than expected in 2025, rate stabilization reserve reached $106 M; ~330,000 customers; 50/50 residential/commercial: $25 M ($40 flat residential; $130–$3,760 commercial) source
- 2025 Bill credits (programme context, 2025 annual report): "$100,000 in bill credits provided" source
Savings it reports
No method is published for these figures.
- Jan 2026 “ratepayers have saved $48 million compared to what they would have paid for bundled PG&E service (including the SJ Cares discount)” source
- Mar 2026 “over $40 million since 2019” source
- 2025 Annual Report “Over $40 million: customer bill savings in 2025 (or an average of 9.8%) compared to PG&E” source
- 2024 Annual Report “$24 million … over 4% savings” source
- not stated “Green Bonds "over 12% savings annually … $8.7 million per year on average, amounting to $66 million by the year 2032"” source
- 2026 “2026 expected "$5 million in total" incl. January credit” source
Member cities
Member cities' own electricity
| Date | City | Figure | What it is | Source |
|---|---|---|---|---|
| 2022-06-06 | San Jose | $980,000 a year · city pays more · estimate / proposal | Switching all City operations electricity accounts to SJCE's TotalGreen service is estimated to cost the city about $980,000 more each fiscal year, including the Airport. product: TotalGreen | passage · city original |
Other money with member cities
| Date | City | Kind | Figure | What it is | Source |
|---|---|---|---|---|---|
| 2026-06-23 | San Jose | Joining | $650,000 a year · city pays · estimate / proposal | Council is asked to authorize the Energy Department to pay San José's share of California Community Power JPA operating costs, up to $650,000, for FY 2026-2027. | passage · city original |
| 2026-06-02 | San Jose | Overhead / staff | 24% city pays · estimate / proposal | Proposed collection fee for delinquent San José Clean Energy closed-account charges would range from 24% up to 30%, paid to Collection Bureau of America, a collection contractor. | passage · city original |
| 2025-12-09 | San Jose | Collateral | $625,000,000 city backs · actual / audited | Total authorized amount across the city's variable rate credit programs, including a $175 million San José Clean Energy letter of credit; $87.8 million outstanding as of June 30, 2025. | passage · city original |
| 2025-12-09 | San Jose | Collateral | $375 million city backs · actual / audited | As of June 30, 2025, San José's SOFR-based borrowing exposure totals $375 million, including a $175 million revolving credit facility for SJCE and $200 million for the wastewater facility. | passage · city original |
| 2025-12-09 | San Jose | Collateral | $1,953,614 city backs · actual / audited | As of June 30, 2025, $1,953,614 was outstanding on a $175 million JP Morgan letter of credit facility backing San José Clean Energy power provider contracts, expiring 2/17/2028.» | passage · city original |
| 2025-12-02 | San Jose | Collateral | $25 million city backs · actual / audited | In April 2025 the City cut the JPMorgan standby letter of credit facility (two years or less) securing SJCE power purchase obligations from $100 million to $25 million. | passage · city original |
| 2025-06-03 | San Jose | Joining | $410,000 a year · city pays · estimate / proposal | San José estimates it will pay about $410,000 as its share of California Community Power's budgeted costs for FY 2025-26, capped at $600,000, subject to appropriation. | passage · city original |
| 2024-02-07 | San Jose | Loan / transfer to CCA | $90m city pays · actual / audited | The City extended $90 million of credit to San José Clean Energy in 2021, which was followed by a $47 million loss; later earnings paid off almost all debt. | passage · city original |
| 2023-06-20 | San Jose | Collateral | $175 million city backs · approved / budgeted | On August 31, 2021 the City authorized raising the commercial paper program cap from $125 million to $175 million, with letter of credit support; part funds San José Clean Energy costs. | passage · city original |
| 2023-06-14 | San Jose | Loan / advance | $75,000,000 city backs · estimate / proposal | Council proposes reducing the Financing Authority's lease revenue commercial paper authorization for San José Clean Energy power purchases and operating costs to a maximum of $75 million. | passage · city original |
| 2023-04-11 | San Jose | Study / start-up | $23,306.00 city pays · approved / budgeted | City pays its auditor up to $23,306 in one-time start-up costs for FY ending June 2020 audits of Measure T Bond Fund and San José Clean Energy Fund; most goes to Clean Energy audits. | passage · city original |
| 2023-04-11 | San Jose | Study / start-up | $13,492.00 city pays · estimate / proposal | City would pay its auditor a one-time start-up cost of $13,492 for the San José Clean Energy Fund audit for fiscal year ending June 30, 2020. | passage · city original |
| 2023-04-11 | San Jose | Study / start-up | $9,074.44 city pays · estimate / proposal | City would pay its auditor an extra $9,074.44 in FY2023 for expanded San Jose Clean Energy Agreed Upon Procedures work, under a draft audit agreement amendment. | passage · city original |
| 2022-12-13 | San Jose | Collateral | $35,000,000 city backs · actual / audited | In November 2018 San José entered a Barclays credit agreement supporting San José Clean Energy, including a $35 million standby letter of credit facility, later amended to $65 million. | passage · city original |
| 2022-12-13 | San Jose | Collateral | $10 million to date · city backs · actual / audited | San José Clean Energy has used about $10 million of the city's Barclays standby letter of credit facility (up to $65 million) for collateral, as of December 2022. | passage · city original |
| 2022-12-06 | San Jose | Collateral | $615 million city backs · actual / audited | As of June 30, 2022, San Jose has about $615 million in letters of credit securing commercial paper programs and credit facilities, including one for San José Clean Energy. | passage · city original |
| 2022-12-06 | San Jose | Collateral | $250 million city backs · estimate / proposal | City sought up to $250 million in revolving credit and standby letter of credit facilities supporting San José Clean Energy operations; JPMorgan Chase recommended, contract negotiations pending as of November 2022. | passage · city original |
| 2022-12-06 | San Jose | Loan / advance | $66.95 million city backs · actual / audited | As of June 30, 2022, $66.95 million of City financing authority taxable commercial paper notes were outstanding, issued partly to finance San José Clean Energy costs and operations. | passage · city original |
| 2022-12-06 | San Jose | Collateral | $65.0 million city backs · actual / audited | As of June 30, 2022, the City's standby letter of credit facility for San José Clean Energy had a $65 million sublimit, with $27.644 million committed and $37.356 million remaining. | passage · city original |
| 2022-12-06 | San Jose | Collateral | $50,000,000 city backs · approved / budgeted | City Council authorized in 2018 a Barclays revolving credit agreement up to $50 million, borrowed by the City to finance San José Clean Energy start-up costs, power purchases and letters of credit. | passage · city original |
| 2022-12-06 | San Jose | Collateral | $37.4 million city backs · actual / audited | As of June 30, 2022, about $37.356 million remained available under the standby letter of credit facility the City backs for SJCE collateral calls; the marked figure is truncated ($3 7,356 thousand). | passage · city original |
| 2022-12-06 | San Jose | Collateral | $20,000,000 city backs · actual / audited | Under its credit agreement with the Bank, the City must keep $20 million in the SJCE Operating Reserve Account at all times since June 24, 2021, and has complied. | passage · city original |
| 2022-06-16 | San Jose | Loan / transfer to CCA | $15.0 million city pays · approved / budgeted | City Council allocated $15.0 million of Commercial Paper note authorization in 2020-2021 to cover San José Clean Energy's projected cash flow shortage. | passage · city original |
| 2022-06-07 | San Jose | Joining | $600,000 a year · city pays · approved / budgeted | Council authorized San José's Community Energy Department to continue annual California Community Choice Association membership for FY 2022-2023, costing up to $600,000. | passage · city original |
| 2022-03-29 | San Jose | Loan / transfer to CCA | $100 million to date · city pays · approved / budgeted | A June 2021 amendment to the Barclays credit agreement lets San José lend commercial paper proceeds to SJCE up to $100 million, raised from $10 million. | passage · city original |
| 2022-03-29 | San Jose | Loan / advance | $95 million city backs · approved / budgeted | City Council and Authority approved up to $95 million in lease revenue commercial paper notes in June 2021 to finance SJCE power purchases and operating costs; $60 million issued by Feb 2022. | passage · city original |
| 2022-03-29 | San Jose | Collateral | $80,000 city backs · approved / budgeted | Barclays credit agreement with the City caps combined revolving loans and standby letters of credit for San José Community Energy at $80 million outstanding at any time, secured by SJCE revenues. | passage · city original |
| 2022-03-29 | San Jose | Loan / transfer to CCA | $ 60.0 million to date · city pays · actual / audited | As of Feb 28, 2022, $60.0 million of City-backed lease revenue commercial paper was issued to fund SJCE power purchases and operating costs, to be repaid from SJCE revenues. | passage · city original |
| 2022-03-29 | San Jose | Collateral | $30,000,000 city backs · approved / budgeted | Barclays committed up to $30 million in revolving loans to the City to finance SJCE start-up and power purchase costs, secured by SJCE revenues; facility expired November 2021. | passage · city original |
| 2022-03-29 | San Jose | Exit / failure | $6.8 million city pays · actual / audited | The City paid a $6.8 million CPUC citation for San José Clean Energy's failure to procure enough Resource Adequacy capacity for 2019. | passage · city original |
| 2022-03-29 | San Jose | Exit / failure | $1.1 million city pays · actual / audited | The City paid a $1.1 million CPUC citation for San José Clean Energy's failure to procure enough resource adequacy for the 2020 year-ahead requirement. | passage · city original |
| 2022-03-29 | San Jose | Exit / failure | $758,000 city pays · actual / audited | The City of San José paid a CPUC citation of $758,000 for San José Clean Energy's failure to procure enough month-ahead resource adequacy for 2021. | passage · city original |
| 2022-03-08 | San Jose | Collateral | 25% city backs · estimate / proposal | Under the CC Power long-duration storage contracts, each participating CCA, including SJCE, would absorb up to 25% extra share of costs if other CCAs default. | passage · city original |
Grants and projects for city governments
| Date | City | Figure | What it is | Source |
|---|---|---|---|---|
| 2025-06-17 | San Jose | $400,063 over several years · city receives · approved / budgeted | Federal Energy Efficiency and Conservation Block Grant balance of $400,063 is budgeted in the San José Clean Energy Operating Fund, part of an $834,110 grant running through January 2026. | passage · city original |
| 2025-05-13 | San Jose | $900,000 over several years · city receives · estimate / proposal | Calpine CE would give San Jose Clean Energy a $900,000 billing credit over 36 monthly installments of $25,000 to settle the underbilling, credited to SJCE's Designated Fund. | passage · city original |
| 2022-04-04 | San Jose | $1.7 million a year · city receives · estimate / proposal | If the CPUC approves the Elect to Administer application, $1.7 million of grant funding per year for three years would go to the San José Clean Energy Fund. | passage · city original |
| 2022-01-11 | San Jose | $4,348,501 city receives · approved / budgeted | State CAPP program allocates $4,348,501 to the City for San José Clean Energy customer arrearages, to be passed to customers as bill credits; council authorizes accepting the grant.-ish | passage · city original |