Board of Directors Meeting
November 20, 2025
Presentation
2 3
CEA Board of Directors
San Diego Regional Energy Network (SDREN) Update
November 20, 2025
4 San Diego Regional Energy Network (SDREN) Background
• Approval: SDREN was approved by the California Public Utilities Commission (CPUC) on August 1, 2024 • Budget: SDREN approved for $124M to administer a portfolio of 10 energy efficiency programs (2024-2027) • Target: Programs target underserved and hard-to-reach residents, businesses, public agencies, and Tribal governments across the region
• Primary focus to date: Program launch and CPUC compliance activities, SDREN Advisory Committee planning Oversight and Administration
San Diego Community Power &
County of San Diego SDREN Advisory
Committee
Lead Portfolio Administrator
Community Power
Program
Operations
Teams
Residential
Workforce,
Education &
Training
Commercial Public Codes &
Standards
5 January 2024
SDREN Business Plan
Application submitted
February 2025
Phase 1 RFPs released
(cross-cutting sector
programs)
May 2025
Phase 3 RFPs released
(commercial sector
programs)
August 2024
SDREN Business Plan
Application approved by
CPUC
March 2025
Phase 2 RFPs released
(public and residential sector
programs)
Q1 – Q2 2026
Estimated program
launches
Timeline
6 Program Solicitations
Phase 1
Workforce Development & Codes
and Standards Programs
• Energy Pathways*
$5,556,916
• Workforce Training and Capacity
Building*
$9,028,535
• Codes and Standards*
$5,077,756
Phase 2
Public & Residential Programs
• Climate Resilience Leadership
$9,740,641 (DI), $7,442,846 (I)
• Tribal Engagement
$1,389,551
• Single-Family
$6,367,475 (DI), $12,416,267 (I)
• Multifamily
$3,492,276 (DI), $6,539,071 (I)
Phase 3
Commercial Programs
• Efficient Refrigeration
$2,028,045 (DI), $4,074,678 (I)
• Market Access Program
$4,597,330 (DI), $9,006,228 (I)
• Small-Medium Business Energy
Coach
$6,567,110 (DI), $2,016,518 (I)
DI = Direct Implementation, I = Incentive,
* = Contract executed with implementer
7 Workforce
Development
8 Youth and Adult Workforce Development
Energy Pathways Program
• Connect high school students to green
career opportunities
• Target audience
o High school students, educators
• Program services
o No cost courses, dual enrollment,
internships, mentorship, wraparound
services
Workforce Training and Capacity Building
Program
• Train individuals for green careers and
provide support to employers for ongoing
training for employees
• Target audience
o Job seekers, employers
• Program services
o No cost training programs, job
placement, wraparound services
9 Public Agencies
10 Public Agencies
Codes and Standards Program
• Improve regional compliance for Title 24
and support jurisdictions with reach codes
• Target audience
o Jurisdictions and permitting officials
• Program services
o Technical assistance, in-person energy
code coach support, reach code support
Climate Resilience Leadership Program
• Remove barriers for public agencies to
complete energy efficiency projects
• Target audience
o Local governments, Tribal governments,
school districts
• Program services
o Technical assistance, incentives, project
management support
11 Tribal Governments
Tribal Engagement Program
• Fund and support Tribal governments’ energy efficiency initiatives • Target audience
o San Diego’s 17 federally recognized Tribal governments • Program services
o Technical assistance, direct funding, referrals to other programs 12 Residential
13 Residential (Single-family and Multifamily)
Single-Family Program
• Provide low-to-no cost energy efficiency
upgrades and technical assistance for
single-family/mobile homeowners and
renters
• Target audience
o Residents of single-family and mobile
homes
• Program services
o Energy efficiency kits, technical
assistance, no-cost energy efficiency
measures & incentives
Multifamily Program
• Provide low-to-no cost energy efficiency
upgrades and technical assistance for
multifamily property owners and renters
• Target audience
o Residents multifamily properties w/ 2+
units
• Program services
o Energy efficiency kits, technical assistance,
no-cost energy efficiency measures &
incentives
14 Commercial
15 Commercial
Efficient Refrigeration Program
• No-cost efficient
refrigeration equipment
and technical assistance
• Target audience
o Corner stores, small
grocery stores, small
businesses
• Program services
o No-cost equipment,
energy savings, improve
access to fresh food
Small-to-Medium Business (SMB)
Energy Coach Program
• No-cost energy coaching and
energy efficiency upgrades that
help businesses lower energy
costs
• Target audience
o Small and medium sized
businesses
• Program services
o Concierge-style advisory
services, technical assistance
and no-cost EE measures
Market Access Program
• Performance-based incentives
for contractors that reduce
demand through projects with
verified energy savings
• Target audience
o Small and medium sized
businesses
• Program services
o Clear incentive rates and
flexible measures for
contractors, cost savings for
SMBs
Item 3: CEO Operational and
Administrative Report
16 CEA Enrollment Stats
17 Member City Eligible
Accounts
Clean Impact –
50% Renewable
Clean Impact Plus
- 75% Carbon
Free
Green Impact –
100% Renewable
Participation
Rate
Carlsbad 55,211 152 49,380 662 91%
Del Mar 3,023 6 2,762 71 94%
Escondido 57,300 160 53,409 72 94%
Oceanside 74,397 206 68,993 104 93%
San Marcos 37,863 119 34,950 77 93%
Solana Beach 7,788 12 6,928 158 91%
Vista 39,565 82 36,993 329 95%
TOTAL 275,147 737 253,417 1,473 93%
Item 3
CEA serves a total of 255,627 customer accounts across its seven member agencies Completed Community Events
18 Item 3
DATE DESCRIPTION CITY
November 2, 2025 Carlsbad Village Street Faire Carlsbad November 5, 2025 Community Energy Planning Workshop Oceanside November 6, 2025 Community Energy Planning Workshop Solana Beach November 6, 2025 State of the Cleantech Industry in SD Panel San Diego November 7, 2025 17th Annual Lesley K. McAllister Climate & Law Symposium San Diego November 12, 2025 Solana Beach Climate & Resiliency Commission Presentation Solana Beach November 13, 2025 North County Climate Change Alliance Presentation Online Upcoming Community Events
19 Item 3
DATE DESCRIPTION CITY
December 10, 2025 City Council Presentation Solana Beach December 12, 2025 Winterfaith Holiday Sponsor a Family Escondido 20 Solar Plus and Battery Bonus Update
Member
City
Solar Plus Solar Plus
Connect
Battery Bonus Battery Bonus
Connect
Status Active Complete Active Complete Active Complete Active Complete Carlsbad 5 1 3 0 0 0 10 0
Del Mar 0 0 1 0 0 0 1 0
Escondido 7 3 13 0 0 0 13 0
Oceanside 4 1 6 0 0 0 15 0
San Marcos 4 1 3 0 0 0 8 0
Solana
Beach
2 0 1 0 0 0 1 0
Vista 2 1 7 0 0 0 12 0
TOTAL 24 7 34 0 0 0 60 0
Metrics as of Nov. 4, 2025.
Item 3
Connect Programs SGIP Funding
Member City Solar Plus Connect Battery Bonus Connect
Carlsbad $91,080 $198,000
Del Mar $30,360 $19,800
Escondido $408,480 $257,400
Oceanside $188,520 $308,467
San Marcos $90,685 $158,400
Solana Beach $29,485 $19,800
Vista $214,848 $274,854
TOTAL $1,053,458 $1,236,721
21 Metrics as of Nov. 4, 2025.
Item 3
PeakSmart Savers Participants
Member City PeakSmart Savers
Participants
Carlsbad 7
Del Mar 1
Escondido 6
Oceanside 4
San Marcos 0
Solana Beach 0
Vista 8
TOTAL 26
22 Metrics as of Nov. 4, 2025.
Item 3
Energy Academy Sponsorship
23 • Energy Academy launched in 2024 by
Energy Policy Initiatives Center & San
Diego Regional Climate Collaborative
• Energy Curriculum includes 4 in-person
sessions with lectures & field trips
• Participation is free of charge, includes
transport & lunch for field trips,
• Battery Level Sponsor for Fall 20025 and
Spring 2026 Cohorts
• Foundational sponsors – SDGE & SDCP
Item 3
Bill Calculator Tool
• Developing a new bill comparison calculator embedded in the CEA website
• Differentiate CEA service offerings compared to SDG&E rates • Customer will need a copy of their latest SDG&E bill to complete the comparison form.
• Billing Month, Usage (kWh), Rate Schedule
• Targeted implementation is December/January
24 Questions/Discussion – Item 3
25 26
Item 4: Public Hearing:
Resolution No. 2025-044 Setting
Rates and Approving Agreements
with Luminia BTM DevCo 1 LLC
for CEA’s Solar Plus Business
Program
Item 4: Approve Execution of
Luminia Agreements
27 RECOMMENDATION:
That the Clean Energy Alliance (CEA) Board of Directors (Board):
1. Conduct the Public Hearing: Open the Public Hearing, Receive Public Testimony, and Close the Public Hearing;
2. Adopt Resolution No. 2025-044 Setting Rates for Solar Plus Business; and
3. Approve Program Agreements with Luminia BTM DevCo 1
LLC (Luminia) and authorize the Chief Executive Officer (CEO) to execute all documents subject to General and Special Counsel approval.
Item 4
Background
• Current Solar Plus Programs
• Provides single family residential customers with:
• Solar + Battery System
• Batteries for existing solar systems
• Low income solar and batteries available through the Connect program • Program does not require a credit check
• Program does not require out-of-pocket payment to enroll • Current programs do not include commercial or industrial, multi-unit residences or municipal customers 28 Item 4
Background
• RFP issued in March 2025 for BTM Commercial & Industrial services providers
• Received proposals from 5 interested parties
• Proposals were evaluated and staff selected Luminia as the program administrator for the Solar Plus Business Program 29 Item 4
Solar Plus Business Program
• As the program Administrator, Luminia will be responsible for:
• Day to Day Program Management with turnkey execution
• Program Administration
• Marketing and Outreach
• Project Origination and Development
• Asset Management including Operations & Maintenance
• Program Reporting and Compliance
30 Item 4
Solar Plus Business Program
• Program is open to CEA commercial, industrial, multifamily dwellings, and municipal customers.
• Local, clean, reliable energy and storage
• Solar plus battery systems with replacement and warranty coverage for 25 years with a 1% escalator
• Battery only systems with replacement and warranty coverage for 10 years with a 0% escalator
• Program provides energy cost savings due to avoided
transmission and delivery charges when using solar energy and energy from the battery storage system
• Growing distributed assets for future DR program(s)
31 Item 4
Solar Plus Business Program
32 Solar Plus Business Program
• Program offers blended per kWh rates for solar + battery systems
• Solar + battery rates range from $0.25/kWh to $0.50/kWh • Rate based on baseline project cost, adjusted for project variables
• Variables include:
• Rooftop vs Carport solar
• Installation Complexity
• Utility service upgrades
• Distance to Point of Interconnection
33 Item 4
Solar Plus Business Program
Solar + Storage System Estimates
34 Solar + Storage System Size
Avg. Bill Savings,
Yr 1
Avg. Bill Savings,
Term Savings Source
Small Commercial
100 kW PV + 200kWh ESS
5-10% 15-20%
Rate Switch
CEA Generation Offset
SDG&E Delivery Offset
SDG&E Peak Shaving
Medium Commercial
300 kW PV + 600kWh ESS
5-10% 20-25%
Large Commercial
600 kW PV + 1,200kWh ESS
5-10% 20-25%
*Estimated, varies based on load consumption profile and site-specific attributes. Assumes rate shift from AL-TOU to DG-R.
Solar Plus Business Program
• Local Storage rates range from $5.00/kWh to $15.00/kWh of Installed Capacity per Month
• Rate based on baseline project cost, adjusted for project variables
• Variable include:
• Battery Size
• Indoor vs Outdoor placement
• Utility upgrades and switchgear capacity
• Installation complexity
• Distance to Point of Interconnection
35 Item 4
Solar Plus Business Program
Storage Estimates
36 Standalone Storage System
Size
Avg. Bill Savings,
Yr 1
Avg. Bill Savings,
Term Savings Source
Small Commercial
200kWh ESS
0-6% 0-8% Rate Switch
CEA Generation
Offset
SDG&E Delivery
Offset
SDG&E Peak Shaving
Medium Commercial
600kWh ESS
0-8% 5-10%
Large Commercial
1,200kWh ESS
0-10% 5-12%
*Estimated, varies based on load consumption profile and site-specific attributes.
Solar Plus Business
• Fiscal Impact:
• Intent of the program is to have no fiscal impact to CEA by structuring each customer agreement to pay for full system cost; • However, there are three potential financial risk that staff believes to be relatively low and manageable:
1. Tenant could vacate and not make payments. Most of this risk is mitigated due to negotiated detailed contract terms with Luminia.
2. Customer does not pay their bill. Risk is inherent in CEA’s business and mitigated by CEA’s Bad Debt Reserve policies and procedures.
3. Anticipated small administrative fees for billing support and implementation. Exact amount TBD but is expected to be similar to the existing rates for CEA’s Solar Plus Residential program. 37 Item 4
Item 4: Approve Execution of
Luminia Agreements
38 RECOMMENDATION:
That the Clean Energy Alliance (CEA) Board of Directors (Board):
1. Conduct the Public Hearing: Open the Public Hearing, Receive Public Testimony, and Close the Public Hearing;
2. Adopt Resolution No. 2025-044 Setting Rates for Solar Plus Business; and
3. Approve Program Agreements with Luminia BTM DevCo 1 LLC (Luminia) and authorize the Chief Executive Officer (CEO) to execute all documents subject to General and Special Counsel approval.
Item 4
Questions/Discussion – Item 4
39 Item 5: Public Hearing:
Resolution No. 2025-045
Amending CEA Rate Schedule to
Update the Wholesale Market
Access Tariff Rate Effective
January 1, 2026
40 41
Item 5
Wholesale Market Access Tariff Rate
Update
RECOMMENDATION:
That the CEA Board:
1. Conduct the Public Hearing: Open the Public Hearing, Receive Public Testimony, close the Public Hearing.
2. Approve Resolution No. 2025-045 Amending Clean Energy Alliance Rate Schedule to update the Wholesale Market Access Tariff Rate Effective January 1, 2026.
Wholesale Market Access Tariff Rate
Update
BACKGROUND:
• Available to Non-Residential CEA Customers with annual load greater than 150 GWh
• Separate portfolio for the WMAT load
• Rates set to recover costs of portfolio, including CEA administrative costs
• Requires Positive Enrollment Form
• Minimum 3-Year Opt-Out Notice
• Protects CEA’s other customers
Item 5
43 Wholesale Market Access Tariff Rate
Update
DISCUSSION:
• On October 26, 2023 the Board approved the Wholesale
Market Access Tariff (WMAT) Program and Terms and
Conditions establishing the methodology for calculating the WMAT rate
• On July 31, 2025, the Board adopted Resolution No. 2025-035 amending the WMAT rate to $0.11350 per kWh effective
August 1, 2025
• The action before the Board is to set the rate for the 2026 calendar year, sufficient to cover the power supply and administrative expenses of the WMAT portfolio
• Based on current assumptions for those expenses, staff is recommending updating the WMAT rate to $0.11759 per kWh Item 5
Questions/Discussion – Item 5
44 Item 6: Regulatory Update
45 Clean Energy Alliance: Regulatory Update
Tim Lindl – Keyes & Fox LLP
November 20, 2025
Item 6
Overview
Update on SDG&E’s 2026 Energy Resource Recovery Account (ERRA) Forecast Case (A.25-05-012)
47 Item 6
48 Setting PCIA Rates
YEAR-END
PABA BALANCE
FORECASTED
INDIFFERENCE
AMOUNT
PCIA REVENUE
REQUIREMENT
Item 6
49 Setting PCIA Rates
TOTAL COST
OF UTILITY
PORTFOLIO
MARKET
VALUE OF
UTILIY
PORTFOLIO
INDIFFERENCE
AMOUNT
(PCIA)
RPS ADDER
($/GWH) *
GWh
MARKET
VALUE OF
UTILITY
PORTFOLIO
ENERGY
INDEX
($/GWH) *
GWh
RA ADDER
($/MW) *
MW
Item 6
Large
Increases
Across the
Board
50 Item6
Proposed Decision
● CPUC issued a Proposed Decision (PD) on November 10
resolving the one outstanding issue in the case: Whether “banked” renewable energy credits (RECs) that were generated in 2018 and earlier should be credited at the RPS MPB
● The PD sides with CEA and condemns SDG&E’s bait-and-switch advocacy
● Orders the utility to use RECs generated after 2018 and value those at the RPS MPB
51 Item 6
2026 Rates in the October Update *
52 Vintage Current
(2025)
October Update
(2026)
November 17 Advice
Letter (2026)
Increase Over
Current Rates
Bundled Customer
(Generation + PCIA) $0.15515/kWh $0.18453/kWh $0.17394/kWh $0.01879/kWh Solana Beach PCIA
(Vintage 2017) $0.00004/kWh $0.03154/kWh $0.03423/kWh $0.03419/kWh Carlsbad & Del Mar
PCIA
(Vintage 2020)
($0.01109)/kWh $0.02934/kWh $0.03375/kWh $0.04484/kWh
Escondido & San
Marcos
(Vintage 2022)
($0.01910)/kWh $0.02559/kWh $0.02714/kWh $0.04624/kWh
Oceanside & Vista PCIA
(Vintage 2023) ($0.03216)/kWh $0.01915/kWh $0.02412/kWh $0.05628/kWh * These rates will change once more between now and January 1.
Item 6
QUESTIONS?
Tim Lindl
[email protected]
(510) 314-8385
53 Item 6
Questions/Discussion – Item 6
54 55
Item 7: Review Options for
Customer Electricity Rate Relief
Background: Strategic Plan
• Core Guiding Principle #2
• Build and Maintain Financial Stability
• Strategic/Work Plan Goal
• Achieve an Investment Grade Rating
• Key Benefits of an Investment Grade rating
• Best practice for CCAs – Energy Suppliers expect it
• Confirmation by an independent 3rd party that CEA is financially stable and creditworthy • Expectation of the ability to withstand inherent volatility of energy markets • Minimize or eliminate substantial collateral requirements • Achieve lower pricing for energy products
• Would require Days Liquidity on Hand (DLOH) of 150-180 days on a sustained basis
• Staff estimates that based on current projections, based on CEA’s current rates, in investment grade rating is likely in the middle of FY2028 56 Item 7
Background: October ERRA Update
• SDG&E publishes expected electricity generation and PCIA rates • The recent October release indicated that for the applicable 4 CEA vintages:
• SDG&E’s Bundled Generation Rates are expected to increase by 19% on average (up by 2-3 cents per KWh)
• PCIA rates are expected to increase significantly more – an average of 3.1 to 5.1 cents per KWh
• The increase in residential PCIA rates is higher than the average – 3.5 to 5.4 cents per kWh
• SDG&E Issued Advice Letter (AL) 4758-E on November 17, 2025 adjust PCIA and bundled rate forecasts; impacts have not yet been analyzed
• Final rates will be published on December 31, 202
• Based on CEA’s current rates, all of CEA’s customers will be paying more than the SDG&E rates in 2026
57 Item 7
Rates vs. Opt-Out Correlation
58 $0.00
$0.02
$0.04
$0.06
$0.08
$0.10
$0.12
$0.14
$0.16
$0.18
$0.20
88%
90%
92%
94%
96%
98%
100%
102%
2021-05 2021-10 2022-02 2022-05 2022-10 2023-02 2023-05 2023-10 2024-03 2024-11 JRC Rate
Participation Rate
Historical TOU-DR1 Rate vs Participation Rate
JRC Rate Participation Rate
Comparison of Residential (TOU-DR1) Rates
59 • Solana Beach has the highest expected PCIA, so its customers would pay the most • Most of CEA’s residential customers are enrolled in the TOU-DR1 rate class Item 7
Options Considered for Rate Relief
• 3% Rate Reduction across all rate classes (Commercial and Residential) • 5% Rate Reduction across all rate classes (Commercial and Residential) • CARE/FERA Customer Credit
• Adjust the rate for CEA’s Base Product (Clean Impact) to Parity with SDG&E for Vintage Year with highest PCIA (VY 2017)
• Solana Beach average monthly customer bill would be equal to SDG&E’s • Other CEA customer monthly bills would be below SDG&E’s • 2 possible implementations
a) Residential customers only
b) All customers – Residential and Commercial
60 Item 7
3% Decrease for all CEA Rates
61 • Would reduce CEA’s revenues by approximately $12-12.5 million per year • Would extend the likely timing for an Investment Grade Rating by approximately one year
Note: Residential Customers would still pay more on average than SDG&E Total Year FY26 Total Year FY27 Total Year FY28 Total Year FY29 Total Year FY30 Change in Net Position $ 33,787,049 $ 29,115,842 $ 68,963,157 $ 78,196,765 $ 77,498,841 DLOH 62 86 169 211 291
TOU-DR1 SDG&E VY 2017 VY 2020 VY 2022 VY 2023
No Rate Change $ 180.46 $ 190.42 $ 189.57 $ 188.09 $ 185.73 3% Rate Decrease $ 180.46 $ 188.49 $ 187.64 $ 186.16 $ 183.80 Item 7
5% Decrease for all CEA Rates
62 • Would reduce CEA’s revenues by approximately $20-22.5 million per year • Would extend the likely timing for an Investment Grade Rating by approximately 18 months
Note: Residential Customers would still pay more than SDG&E TOU-DR1 SDG&E VY 2017 VY 2020 VY 2022 VY 2023
No Rate Change $ 180.46 $ 190.42 $ 189.57 $ 188.09 $ 185.73 5% Rate Decrease $ 180.46 $ 187.20 $ 186.35 $ 184.87 $ 182.51 Total Year FY26 Total Year FY27 Total Year FY28 Total Year FY29 Total Year FY30 Change in Net Position $ 31,252,939 $ 21,064,265 $ 60,815,721 $ 69,925,598 $ 69,089,924 DLOH 61 76 149 181 253
Item 7
CARE/FERA Customer Credit
63 • Would have provided a monthly or one-time credit to CARE/FERA customer bills
• Unfortunately, SDG&E’s billing system has some limitations on passing credits to customer bills; SDG&E working on this issue • Still exploring modifications to this idea that might be permitted, but not likely
Item 7
Adjust Clean Impact Rate to SDG&E Parity
64 • CEA has 3 options for Customer Enrollment
• New CEA Customers are automatically enrolled in Clean Impact Plus Product Product Content Customers
Clean Impact (Base) 50% Renewable 737
Clean Impact Plus (Default) 50% Renewable75% Carbon Free 253,417 Green Impact (Premium) 100% Renewable 1,473
Total 255,627
• Proposal:
• Adjust the rate for Clean Impact for 12 months as customer retention/rate relief option
• Residential customers could elect to “Opt Down” to Clean Impact • Receive an overall electricity rate that, in most cases, provides savings relative to SDG&E
• Working with Calpine on implementation timeline
Item 7
Adjust Clean Impact Rate to SDG&E Parity
65 • Customer Savings of $9.96 per month relative to current Clean Impact Plus rate • Customer Savings of up to $4.69 per month compared to SDG&E Item 7
Financial Comparison of Rate Relief Options
66 Note: Parity option assumes that 30,000 customers elect to Opt Down Item 7
Staff Recommendation
That the CEA Board support adjusting the rate for CEA’s Base Product (Clean Impact) to Parity with SDG&E for PCIA Vintage Year 2017 (Option 4) • Offers an opportunity to any customer to reduce average monthly costs to at or below SDG&E’s average monthly bill
• Limit time period to 12 months – could be extended
• Minimal impact on financial projections and rating timeline • Staff will report to Board at the end of CY 2026 on SDG&E’s 2027 ERRA Forecast 67 Item 7
Include Commercial in Rate Relief?
• Restrictions and Timing of Rate Relief Implementation for Clean Impact Only • Most streamlined approach would include all CEA customers (commercial and residential) • Most streamlined approach would apply a single kWh credit to all customers • Parity for all customer classes would be achieved with different kWh adjustments (based on current ERRA forecast)
• Residential – 2.6 cents per kWh
• Small Commercial – 1.8 cents per kWh
• Large Commercial – 1.9 cents per kWh
• Applying a single kWh adjustment to all customers would provide costs BELOW SDG&E for Commercial customers who Opt Down
68 Clean Impact Rate = SDG&E (Residential)
69 • All customers save up
to $4.69 per month
relative to SDG&E
• If 30,000 of 224,000 customers Opt-Down, cost would be approximately $3.5 million for 1 year SDG&E
Bundled
Residential
Customers
FORECAST ERRA Parity
RESIDENTIAL
Average Monthly Bill Vintage 361 KWh
SDG&E $ 180.46
Solana Beach 2017 $ 190.06 $ 180.46
Carlsbad/Del Mar 2020 $ 189.21 $ 179.61
Escondidos/San Marcos 2022 $ 187.73 $ 178.13
Oceanside/Vista 2023 $ 185.37 $ 175.77
Average Monthly Premium as Compared to SDG&E
SDG&E
Solana Beach 2017 $ 9.60 $ -
Carlsbad/Del Mar 2020 $ 8.75 $ (0.85)
Escondidos/San Marcos 2022 $ 7.27 $ (2.33)
Oceanside/Vista 2023 $ 4.91 $ (4.69)
Rate Reduction $ - $ (0.02660)
Clean Impact (Base) Product
Clean Impact Rate = SDG&E (Small Commercial)
70 • All customers
save up to $9.67
per month
relative to SDG&E
• Using Fixed
Residential kWh
credit all
customers save
up to $19.19 per
month
If 20% of 27,000 customers Opt-Down
• Cost would be approx. $1.2 million for 1 year at Parity • Using single/Residential adjustment, cost would be approx. $1.9 million SDG&E
Bundled
Residential
Customers
FORECAST ERRA Parity Using Residential Parity
SMALL COMMERCIAL
Average Monthly Bill Vintage 1056 KWh
SDG&E $ 496.97
Solana Beach 2017 $ 515.55 $ 496.97 $ 487.46
Carlsbad/Del Mar 2020 $ 513.63 $ 495.05 $ 485.54
Escondidos/San Marcos 2022 $ 511.71 $ 493.13 $ 483.62
Oceanside/Vista 2023 $ 505.88 $ 487.30 $ 477.79
Average Monthly Premium as Compared to SDG&E
SDG&E
Solana Beach 2017 $ 18.58 $ - $ (9.51)
Carlsbad/Del Mar 2020 $ 16.65 $ (1.92) $ (11.44)
Escondidos/San Marcos 2022 $ 14.73 $ (3.84) $ (13.36)
Oceanside/Vista 2023 $ 8.90 $ (9.67) $ (19.19)
Rate Reduction $ - $ (0.01759) $ (0.02660)
Clean Impact (Base) Product
Clean Impact Rate = SDG&E (Med/Large Commercial)
71 • All customers save
- up to $276.44 per
month on average
relative to SDG&E
• Using Fixed
Residential KWh
credit all
customers save up
to $432.84 per
month on average
If 20% of 2,500 customers Opt-Down
• Cost would be approx. $2.6 million for 1 year at Parity • Using single/Residential adjustment, cost would be approx. $3.6 million SDG&E
Bundled
Residential
Customers
FORECAST ERRA Parity Using Residential Parity
MEDIUM/LARGE
Average Monthly Bill Vintage 21,631 KWh
SDG&E $ 10,895.10
Solana Beach 2017 $ 11,314.09 $ 10,895.10 $ 10,738.71
Carlsbad/Del Mar 2020 $ 11,266.29 $ 10,847.30 $ 10,690.91 Escondidos/San Marcos 2022 $ 11,185.61 $ 10,766.61 $ 10,610.22 Oceanside/Vista 2023 $ 11,037.65 $ 10,618.66 $ 10,462.27 Average Monthly Premium as Compared to SDG&E
SDG&E
Solana Beach 2017 $ 418.99 $ - $ (156.39)
Carlsbad/Del Mar 2020 $ 371.19 $ (47.80) $ (204.20)
Escondidos/San Marcos 2022 $ 290.50 $ (128.49) $ (284.88) Oceanside/Vista 2023 $ 142.55 $ (276.44) $ (432.84)
Rate Reduction $ - $ (0.01937) $ (0.02660)
Clean Impact (Base) Product
Summary
72 Clean Impact (Base)
Parity
Clean Impact (Base)
Using Residential Parity
Multiple Adjustments Single KWh Adjustment
Estimated Cost
Residential $ 3,543,129 $ 3,543,129
Small Commercial $ 1,235,582 $ 1,868,475
Medium/Large Commercial $ 2,616,524 $ 3,593,162
Total $ 7,395,235 $ 9,004,766
Estimated Ending Net Position December 31, 2026 $ 87,377,173 $ 85,767,642 Estimated Ending DLOH December 31, 2026 108 107
Current Projection (without any Rate Relief)
Estimated Ending Net Position December 31, 2026 $ 94,772,408 Estimated Ending DLOH December 31, 2026 114
Board Considerations
• Balance financial stability/credit worthiness with all options for rate relief and/or customer retention
• Balance CEA’s obligation to provide higher renewable and carbon-free energy while meeting member agencies’ CAP goals to reduce GHG emissions with the potential for Opt Downs
• Whether to make Option 4 available to residential customers only or to apply it to all customers including commercial
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Next Steps
• Board direction
• Confirm implementation timeline from Calpine
• Monitor SDG&E’s final 2026 ERRA Forecast for PCIA and Bundled Rates • Hold Public Hearing at January 2026 Board meeting if directed by the Board
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Questions/Discussion – Item 7
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