Board of Directors Meeting
May 28, 2026
Item 4: CEO Operational and
Administrative Report
2 New CEA Employees
3 CEA is happy to announce the hiring of the following employees effective May 19, 2026:
• Natalie Aguilar – Programs Specialist
• Jaqueline (“Jae”) Berg – Programs Analyst
• Kristina Byrd – Finance Manager
• Kiran Kruse – Energy Contracts & Compliance Analyst
• Kalia (“Kali”) Mitchell-Silbaugh – Regulatory & Legislative Affairs Analyst • Parisa Tarani – Account Services & Data Analyst
Item 4
CEA Enrollment Stats
4 Member City Eligible
Accounts
Clean Impact –
50% Renewable
Clean Impact Plus
- 75% Carbon
Free
Green Impact –
100% Renewable
Participation
Rate
Carlsbad 55387 197 49468 658 91%
Del Mar 3031 9 2760 71 94%
Escondido 57293 179 53473 70 94%
Oceanside 74812 236 69381 103 93%
San M arcos 38158 133 35390 71 93%
Solana Beach 7975 18 7138 148 91%
Vista 39597 95 37009 342 94%
TOTAL 276,253 867 254,619 1,463 93%
CEA serves a total of 256,949 customer accounts across its seven member agencies Metrics as of May 1, 2026.
Item 4
Completed Community Events
5 Item 4
DATE DESCRIPTION CITY
April 30, 2026 Graze at the Fields Carlsbad
May 1, 2026 Community Alliance for Escondido (CAFÉ) Online May 4, 2026 Green Business Recognition Mixer Carlsbad
May 5, 2026 CSUSM Student Trade Show San Marcos
May 6, 2026 Calavera Elementary School Interview Carlsbad May 6, 2026 North San Diego Business Chamber Presentation Online May 12-14, 2026 CalCCA 10th Anniversary Conference Sacramento May 17, 2026 Escondido Street Festival Escondido
May 21, 2026 CEA Webinar - Understanding Your Bill Virtual Upcoming Community Events
6 Item 4
DATE DESCRIPTION CITY
May 28, 2026 CEA 5-Year Anniversary Carlsbad
May 30-31st, 2026 Fiesta Del Sol Solana Beach
June 2, 2026 Del Mar City Council Presentation Del Mar
June 18, 2026 San Onofre Nuclear Power Plant Tour Pendleton June 20, 2026 NSDC NAACP Juneteenth Festival Oceanside
June 20, 2026 Assemblymember Dr. Darshana Patel Youth & Family Festival Escondido 7 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 3 1 3 0 0 3 4 6
Del Mar 0 0 1 0 0 0 1 0
Escondido 5 5 13 0 0 0 3 8
Oceanside 9 2 6 0 0 0 2 11
San Marcos 7 2 3 0 0 0 2 5
Solana
Beach
0 0 1 0 0 0 1 1
Vista 4 2 7 0 0 1 4 8
TOTAL 28 12 34 0 0 4 17 39
Metrics as of May 8, 2026.
Item 4
PeakSmart Savers Participants
Member City PeakSmart Savers Participants
Carlsbad 11
Del Mar 1
Escondido 8
Oceanside 16
San Marcos 3
Solana Beach 0
Vista 15
TOTAL 54
8 Metrics as of May 8, 2026.
Item 4
Rate Relief Credit Opt-Downs
Member City Commercial Residential Total
Carlsbad 39 39
Del Mar 2 2
Escondido 1 23 24
Oceanside 36 36
San Marcos 1 16 17
Solana Beach 2 2
Vista 13 13
TOTAL 2 131 133
9 Metrics as of May 18, 2026.
Item 6
Equitable Building Decarbonization
• CEA is a Community Partner tasked with promoting EBD
in our service area
• No-cost home energy efficiency upgrades
• Weatherization and air sealing, heat pump water heater, electric laundry appliances and more.
• Eligibility dependent on income and address
• Income-qualified customers in San Marcos, Escondido, Vista and Oceanside may qualify
• Single-family and multi-family home enrollment is open • Single-family: single-family home, duplex, triplex, fourplex (2–4 Units), townhome, manufactured or mobile home
• Multi-family: farmworker housing, transitional housing, mixed-use building, senior housing, single room occupant housing, shelter, mobile home park
• To enroll: TheCleanEnergyAlliance.org/EBD
10 Item 6
Frontwave Arena Sponsorship
• CEA partnered with Frontwave Arena for San Diego Sockers & Clippers games.
• Promotional activities include:
• Ticket giveaways, tabling during games, dedicated CEA sponsorship night, day of service, and a social media content series • CEA sponsorship night was March 27th, attracted 2,119 attendees, distributed 1,000 CEA branded power banks
• Website Scavenger Hunt to distribute tickets, designed to:
• Designed to: Increase engagement, raise brand awareness, educate customers
• 221 tickets distributed, 215 website visits, 14,217 social media impressions
11 Item 6
Questions/Discussion – Item 4
12 Item 5: 5-Year Anniversary Impact
Report
13 14
Item 5
5 Years of Serving Customers
• 2019 – Carlsbad, Del Mar and
Solana Beach joined together to
form CEA
• May 2021 – Energy service began
in Carlsbad, Del Mar & Solana
Beach
• April 2023 – Service began in
Escondido and San Marcos
• April 2024 – Service began in
Oceanside and Vista
By the Numbers
15 • 93% participation rate
• 746,092 metrics tons of CO2-
equivalent GHG reductions from
launch to 2024
• 505 MW of behind the meter solar in
CEA’s service area
• 38 MW of behind the meter battery
storage in CEA’s service area
CEA's GHG reductions are
equivalent to emissions from
driving roundtrip from San Diego
to New York 363,00 times with a
gas-powered vehicle.
Item 5
Investment in a Clean Energy Future
Goal: Promote Use & Development of
Clean Energy
• 190 MW of new or under development
renewable energy projects
• Over $750 million committed to new
build renewable energy projects
• 197 MW of new build battery storage
projects
16 New build project in progress,
equipping CEA with an additional 36 MW of
combined solar and battery storage capacity.
Item 5
Advocacy for Our Customers
Goal: Actively Engage in Customer
Advocacy
• Over 130 filings with the CPUC
advocating for CEA customers.
• $165 million in positive customer
cost impacts associated with ERRA
proceedings since 2020.
17 CEA legislative staff joined Community Choice Energy Alliance at the 2026 National CCA Advocacy Days in
Washington D.C.
Item 5
Bridging the Gap to Clean Energy
Goal: Provide Beneficial Customer Programs
• 398 kW of pending or installed solar +
battery systems through the Solar Plus
programs
• 1,340 kWh of pending or installed battery
storage
• $2.1 Million in Self Generation Incentive
Program (SGIP) funds to install solar and
battery systems
• 1,461 Green Impact customers
• 188 participants across all CEA programs
18 Battery system installed at CEA
customer's home at no cost through
Battery Bonus Connect.
Item 5
Planning for Community Reinvestment
Goal: Build & Maintain Financial Stability
• Like most CCAs, CEA spent early years paying down startup debt • In FY 2024-2025, CEA reached a net positive position
• A net positive position enables growth in CEA's Days Liquidity on Hand (DLOH) and the pursuit of an investment-grade credit rating • An investment-grade credit rating will help secure better energy contracts for our customers
• CEA estimates ending FY 2026-2026 with an Ending Net Position of $79.5M and 107 DLOH
19 Item 5
Connecting with Our Communities
Goal: Provide Exceptional Customer Service &
Engagement
• 7,300 people engaged at community events
since 2024
• 151 community engagements since 2024
• $78k invested in sponsorships since 2024
• 2,200 social media followers across all
platforms
• 3,500 social media posts across all platforms
• 36,000 customer support calls since launch
• 250+ languages supported by CEA’s call center
20 Item 5
Looking Ahead
• CEA's next five years will continue to be guided by our Strategic Plan
• Core Guiding Principles and Goals
o Promote Use & Development of Clean Energy
oBuild & Maintain Financial Stability
o Provide Beneficial Customer Programs
oActively Engage in Customer Advocacy
o Provide Exceptional Customer Service & Engagement
o Promote Organizational Development
21 Item 5
Questions/Discussion – Item 5
22 Item 6: Consider Adoption of
Resolution No. 2026-027 Setting
Time and Place for Clean Energy
Alliance Board Meetings July 2026 –
June 2027
23 24
Item 6
Meeting Location: Leucadia Wastewater District,
Board Room
1960 La Costa Ave., Carlsbad, CA 92009
DATE TIME
July 30, 2026 2 p.m.
August 27, 2026 2 p.m.
September 24, 2026 2 p.m.
October 29, 2026 2 p.m.
November 19, 2026 2 p.m.
January 28, 2027 2 p.m.
February 25, 2027 2 p.m.
March 25, 2027 2 p.m.
April 29, 2027 2 p.m.
May 27, 2027 2 p.m.
June 24, 2027 2 p.m.
Setting Time and Place for Clean Energy
Alliance Board Meetings July 2026 – June 2027
Questions/Discussion – Item 6
25 Item 7: Consider Adoption of
Resolution No. 2026-028 Setting
Rates for Clean Energy Alliance
Effective June 1, 2026.
26 Background
• January 29, 2026 - CEA Board approved Rate Relief Credit to address rising PCIA
• Rate Relief Credit designed for Clean Impact rates to be at parity or better compared to SDG&E, across all rate classes.
• Based on the highest PCIA Vintage (2020)
• March 26, 2026 – Board approved expanded Super-off Peak periods and new Medium Commercial rates class in response to SDG&E rate changes
• April 1, 2026 – New SDG&E rates went into effect including adjusted PCIA vintages
• Rate changes led to some rate schedules no longer receiving the full intended benefit of the Rate Relief Credit
27 Item 7
Rate Relief Credit
• The Credit went into effect February 1, 2026
• Temporary credit for 11 months
• Applies to customers who opt-down to Clean Impact
• Designed so the average customers total bill is equal or lower than SDG&E, based on the highest PCIA vintage
• Residential credit of $0.03871 per kWh; Non-Residential Credit of $0.02657 per kWh
• Communications strategy to date:
• Provided toolkits to member cities/Board/elected
officials/stakeholders groups, social media outreach
• Launched bill calculator tool, hosted a webinar to assist customers, CEA website article & press release
28 Item 7
Residential
29 SDG&E
Bundled Customers Clean Impact (Base) Clean Impact Plus (Default)Green Impact (Premium) Power Content 41.4% Renewable 50% Renewable
55% Renewable/
75% Carbon Free
100% Renewable
Current Rates $ 166.64 $ 167.22 $ 180.96 $ 183.21
Proposed Rates $ 166.64 $ 166.64 $ 180.39 $ 182.63
Curent Rate Difference $ 0.58 $ 14.32 $ 16.57
Proposed Rate Difference $ - $ 13.75 $ 15.99
Residential TOU-DR-1 (2020 Vintage)
Average Monthly Bill, CEA Power Products
346 kWh
Item 7
Agriculture
SDG&E
Bundled Customers Clean Impact (Base) Clean Impact Plus (Default)Green Impact (Premium) Power Content 41.4% Renewable 50% Renewable
55% Renewable/
75% Carbon Free
100% Renewable
Current Rates $ 297.48 $ 301.99 $ 327.91 $ 334.02
Proposed Rates $ 297.48 $ 297.48 $ 323.40 $ 329.51
Curent Rate Difference $ 4.51 $ 30.43 $ 36.54
Proposed Rate Difference $ - $ 25.92 $ 32.03
Agriculture TOU-PA (2020 Vintage)
Average Monthly Bill,
940 kWh & 4.2 kW
CEA Power Products
30 Item 7
Rate Change Impact
• Primarily Residential & Agriculture rate schedules
• Proposed Rates effective June 1, 2026
• Residential rate schedules:
• DR, DR-LI-MB, DR – SES, TOU-DR-1, TOU-DR-2
• Approximately 204,000 customer accounts
31 Rate Schedule DR DR-LI-MB DR-SES TOU-DR-1 TOU-DR-2
% Change -0.9% -0.9% -8.5% -0.9% -4.0%
Customer Count 21,186 9,274 9,123 161,467 3,375
Item 7
Rate Change Impact
• Agriculture rate schedules:
• TOU-PA, TOU-PA-2, TOU-PA-3, PA-T-1, and grandfathered rates • Approximately 500 customer accounts
32 Rate Schedule TOU-PA TOU-PA-2 TOU-PA-3 PA-T-1
% Change -3.7% -10.1% -5.0% -11.1%
Customer Count 185 204 74 20
Item 7
Staff Recommendation
• That the Board adopt Resolution No. 2026-028 setting rates for Clean Energy Alliance, effective June 1, 2026.
• Maintains the intended benefit of the Rate Relief Credit • Fiscal impact is within the original financial projections and credit rating timeline of the Rate Relief Credit
• Brings CEA’s Agriculture rates more in line with SDG&E’s rates • Staff will continue to report on number of Opt-Downs and on SDG&E’s 2027 ERRA Forecast at the end of CY 2026
33 Item 7
Questions/Discussion – Item 7
34 Item 8: Regulatory Update
35 Clean Energy Alliance: Regulatory Update
Tim Lindl – Keyes & Fox LLP
May 28, 2026
Item 8
Overview
● Power Charge Indifference Adjustment (PCIA)
Rulemaking (R.25-02-005)
● SDG&E 2027 ERRA Forecast Case (R.26-05-019)
● New Ratemaking Policy Proceeding (R.26-04-009)
37 Item 8
38 PCIA Rulemaking
Track Scope Event Date
One RA Market Price Benchmark
Methodology Change Complete – D.25-06-049 June 27, 2025 Two Pre-2019 Banked Renewable
Energy Certificate Valuation
Staff Proposal March 27
Testimony on Staff Proposal May 12
Rebuttal Testimony on Staff Proposal May 22
Evidentiary Hearing June 2
Briefing June 16, 25
Decision (PD by Aug 17) September 17
Three Broad review of PCIA
methodology Workshops June 8-9, 15
Item 8
39 SDG&E 2027 ERRA Forecast Case
● Filed May 15 and must be resolved by January 1
● Sets CEA’s PCIA rates for 2027
● All rates and testimony from May are updated three times:
October, November and December
Item 8
2027 Forecasted Rates
40 Vintage 2026 Rates May 15 Filing (2027) Forecasted Change Versus 2026 Rates
Bundled Customer
(Generation + PCIA) $0.17676/kWh $0.16648/kWh ($0.01020/kWh) Solana Beach PCIA
(Vintage 2017) $0.03325/kWh $0.02807/kWh ($ 0.00518/kWh) Carlsbad & Del Mar PCIA
(Vintage 2020) $0.03352/kWh $0.03087/kWh ($0.00265/kWh) Escondido & San Marcos
(Vintage 2022) $0.02655/kWh $0.02542/kWh ($0.00113/kWh) Oceanside & Vista PCIA
(Vintage 2023) $0.02475/kWh $0.02549/kWh $0.00074/kWh
Item 8
41 Changes Coming to Utility Rate Design
(R.26-04-009)
● Big issues:
○ Fixed Charges, Time-of-Use Rates and Other Residential Rate Design ○ Rates for Data Centers
○ Dynamic Pricing and Virtual Power Plants
● Energy Division Staff will file a proposal on residential rate reform in Q3 2026
● Next Step: Workshops and Scoping Ruling
Item 8
QUESTIONS?
Tim Lindl
[email protected]
(510) 314-8385
42 Item 8
Questions/Discussion – Item 8
43 Item 9: Review Clean Energy
Alliance Fiscal Year 2026/2027
Proposed Budget and Schedule
Budget Adoption for June 25,
2026
44 FY2026-2027 Fiscal Year
Operating Budget
Initial Review
May 28, 2026
Item 9
FY2026-2027 Budget Timeline
• Board Meeting May 28, 2026 – Initial Budget Review
• With actual financial results through February 2025
• CAC Meeting June 11, 2026 – Draft Budget Review
• With actual financial results through February 2025
• Board Meeting June 25, 2026 – Final Budget Recommendation • With actual financial results through March or April 2025 46 Item 9
Financial Performance Projected through June 30, 2026
47 YTD Actuals
through
2/28/26
YTD Budget
through
2/28/26
Variance:
Favorable /
(Unfavorable)
Full Year Forecast
FY2025-2026
Full Year Budget
FY2025-2026
Variance: Favorable /
(Unfavorable)
OPERATING REVENUES
Total Operating Revenues $277,975,403 $282,134,299 ($4,158,896) $377,122,038 $383,146,909 ($6,024,870)
OPERATING EXPENSES
Total Cost of Goods Sold (Energy Expense) 217,332,330 238,216,348 20,884,018 308,641,283 333,540,321 24,899,038 Other Operating Expenses (excluding COGS) 7,144,314 8,957,918 1,813,604 11,146,998 13,363,246 2,216,248 Total Operating Expenses $224,476,643 $247,174,265 $22,697,622 $319,788,281 $346,903,567 $27,115,286 OPERATING INCOME/(LOSS) $53,498,760 $34,960,034 $18,538,726 $57,333,758 $36,243,342 $21,090,416 NON-OPERATING REVENUES (EXP.) - -
Total Nonoperating Income/(Expense) 240,156 (273,003) 513,160 837,864 (380,692) 1,218,556 - -
CHANGE IN NET POSITION $53,738,916 $34,687,030 $19,051,886 $58,171,622 $35,862,650 $22,308,971 Beginning Net Position 21,379,112 14,787,266 21,379,112 14,787,266 Ending Net Position $75,118,029 $60,478,972 79,550,734 $50,649,916 DLOH 114 94 107 81
Year-to-date Full Year
Item 9
Key Observations for Full Year (FY2026)
• Current forecast is to end the year with Change in Net Assets of $58.2 million
• $22.3 million above Budget
• End year with positive $79.6 million of Net Position
• DLOH at 107 versus Budget of 81
• Revenues slightly below Budget
• $6.0 million (1.6% below Budget)
• Energy expenses
• Forecast of $24.9 million below Budget
• Some components above Budget and some below Budget
• Contingency mostly not needed this fiscal year as prices stayed unusually low for most of the year
• Other Expenses
• Forecast of $2.2 million below Budget
• Expenses at 3.0% of revenues
48 Item 9
FY2026-2027 Budget Detail
Item 9
Key Assumptions
• Rates
• Assuming no change in rates from current levels through the 5-year projection • Note: CalCCA rate projections show potential for significant SDG&E generation rate decrease next year
• Revised Load Forecast in process. May have impact on revenue forecast • Revenues
• Assumes $0.8 million of rate credit per month through December 2026 related to Rate Relief credit • Does not yet reflect revised load forecast that PEA is doing • PEA is under-assuming Green Premium revenues by about $1.0 million per year • No load growth
• Customers – number, mix and usage all flat
• PEA assumes 1.8% in their model
• Programs Budget –
• Targeting 3% of Revenues at end of 5 years (other CCAs are 3-5%) • FY2027 - $0.5 million (0.3% of revenues)
• FY2028 - $2.5 million (0.6%)
• FY2029 - $5.0 million (1.3%)
• FY2030 - $8.0 million (2.1%)
• FY2031 - $11.7 million (3.0%) 50
Item 9
Key Assumptions – Staffing
• Staffing and Administration
• Today – 17 positions
• At June 30, 2027 – 21 positions
Assume: 4 new positions in Budget year
• Rates Specialist
• HR Part-time
• Employee 3 (TBD)
• Employee 4 (TBD)
51 Item 9
Key Assumptions – Energy Costs
• Contingency
• Includes 10% contingency
• Approximately $25-28 million per year
• NEM Expenses
• Assuming 20% growth in FY27 over FY26 estimate
• FY25 growth was 40%
• FY26 growth forecasted to be 40%
• FY28 to FY31 - 10% growth
52 Item 9
Other Observations – Energy Costs
• Resource Adequacy (RA) – Had to buy 2 years ahead when prices were high – impact expected to be seen in higher prices in FY2026/27
• Base Energy costs - similar to RA in that still impacted by hedge contracts bought 2 years earlier when prices were much higher • Renewable Energy Certificates/Credits (RECs)
• Higher in FY27 and FY28 reflecting higher Renewable Energy percentage • CY26 55%
• CY27 – 60%
• CY28- 75%
• CY31-90%
• FY29 jump related to Darden project starting
53 Item 9
FY 2025/2026 Year
End Estimates and
FY 2026/2027
Proposed Budget
54 Item 9
5-Year Outlook
55 Item 9
Recommendation
That the Clean Energy Alliance (CEA) Board of Directors (Board) review the proposed CEA Fiscal Year (FY) 2026/2027 Budget, provide direction on any additions/changes and
schedule Budget Adoption for the June 25, 2026 Board
Meeting.
56 Item 9
Questions/Discussion – Item 9
57