MINUTES
Board of Directors of the
Clean Power Alliance of Southern California
Regular Meeting
Thursday, November 6, 2025, 2:00 p.m.
Meeting videos are available on CPA's YouTube Channel.
http://www.youtube.com/@CPApublicmeetings
Board members participated from the following locations:
Calabasas City Hall
Council Conference Room
100 Civic Center Way
Calabasas, CA 91301
Clean Power Alliance
Diana Mahmud Board Room
801 S. Grand Ave., Suite 400
Los Angeles, CA 90017
South Bay Cities Council of Governments
Conference Room
357 Van Ness Way, Suite 90
Torrance, CA 90501
Ventura County Government Center
Point Mugu Conference Room, 4th Floor
Hall of Administration
800 South Victoria Avenue
Ventura, CA 93009
Crowne Plaza Santo Domingo
Av. George Washington 218
Santo Domingo 10208, DO
Whittier City Hall
Admin Conference Room
13230 Penn Street
Whittier, CA 90602
CALL TO ORDER & ROLL CALL
Chair Klein Lopez called the meeting to order at 2:03 p.m. and Gabriela Monzon, Clerk of the Board, conducted roll call.
PLEDGE OF ALLEGIANCE
Guest Presenter, Chief Richard Stillwagon of the Los Angeles County Fire Department, led the Pledge of Allegiance.
Roll Call
1 Agoura Hills Deborah Klein Lopez Chair Present
2 Alhambra Jeff Maloney Director Present
3 Arcadia Paul Cheng Director Remote
4 Beverly Hills Craig Corman Director Present
5 Calabasas Ed Albrecht Director Remote
6 Camarillo Susan Santangelo Director Remote
7 Carson Absent
8 Claremont Corey Calaycay Director Present
9 Culver City Yasmine-Imani McMorrin Director Present
10 Downey Absent
11 Hawaiian Gardens Ramie Torres Alternate Remote
12 Hawthorne Alex Monteiro Director Remote
13 Hermosa Beach Absent
14 La Cañada Flintridge Stephanie Fossan Director Present 15 Los Angeles County Lindsey Horvath Vice Chair Present 16 Lynwood Juan Muñoz-Guevara Director Present
17 Malibu Marianne Riggins Director Present
18 Manhattan Beach David Lesser Director Remote
19 Monrovia Edward Belden Director Remote
20 Moorpark Chris Barrett Director Remote
21 Ojai Michelle Ellison Alternate Remote
22 Oxnard Kathleen Mallory Alternate Remote
23 Paramount Michelle Muller Alternate Remote
24 Port Hueneme Absent
25 Redondo Beach Absent
26 Rolling Hills Estates Debby Stegura Director Remote
27 Santa Monica Absent
28 Santa Paula Jenny Crosswhite Director Present
29 Sierra Madre Robert Parkhurst Director Present
30 Simi Valley Rocky Rhodes Director Present
31 South Pasadena Omari Ferguson Director Present
32 Temple City Ed Chen Director Present
33 Thousand Oaks David Newman Director Remote
34 City of Ventura Absent
35 Ventura County Vianey Lopez Vice Chair Present
36 West Hollywood John Erickson Director Present
37 Westlake Village Kristopher Galvez Alternate Remote
38 Whittier Mary Ann Pacheco Director Remote
All votes are unanimous unless otherwise stated
GENERAL PUBLIC COMMENT
Calvin Johnson provided public comment on a device his company offers that can make an HVAC system more efficient.
CONSENT AGENDA
1. Approve Minutes from the September 26, 2025, Board of Directors Special Meeting
2. Approve Minutes from the October 16, 2025, Board of Directors Meeting
3. Approve and Authorize: (A) the Chief Executive Officer to Execute the Capacity Bidding Program-Elect (CBP-E) Aggregator Agreement and Credit Application with Southern California Edison; and (B) CPA Staff to Perform Related and Necessary Actions to Serve as a CBP-E Aggregator
4. Receive and File Monthly Community Advisory Committee Report Motion: Director Erickson, West Hollywood
Second: Vice Chair Horvath, Los Angeles County
Vote: The consent agenda was approved by roll call vote, with the following abstentions: Director Corman on Items 1 and 2, Director Riggins on Item 1, and Director Mallory on Items 1 and 2.
REGULAR AGENDA
5. Receive Presentation on Battery Energy Storage Safety Scott Murtishaw, Executive Director of the California Energy Storage Association, delivered a presentation that focused on energy storage deployment and design, beneficial impacts to the grid, chemical exposure impacts of energy storage incidents, legislative efforts to enhance energy storage safety, statewide regulatory activity, and the development of local ordinances.
Chief Richard Stillwagon of the Los Angeles County Fire Department presented on the agency’s work in reducing fire risk in clean energy production. Chief Stillwagon emphasized that the department is committed to developing streamlined and efficient processes, maintaining the highest safety standards, and safely serving the community and industry for years to come.
Directors asked a series of questions about battery technologies, fire risks, and safety measures.
Staff noted that CPA is monitoring new regulations to guide developers as projects move into permitting. Chief Stillwagon emphasized that national and local fire regulations are robust, LA County Fire has the knowledge and resources necessary to properly review and permit projects, and member agencies could safely pursue battery storage projects that benefit their communities.
Vice Chair Horvath encouraged CPA member agencies to use L.A. County’s fire risk-reduction resources.
A written public comment was received on this item.
6. Adopt Resolutions Nos. 25-11-093, 25-11-094, 25-11-095, and 25-11-096 Approving Parameters Under Which up to a Total of $4.5 Billion of Energy Prepayment Transactions can be Completed with Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), or Royal Bank of Canada (RBC) as CPA’s Underwriter & Prepaid Supplier; Authorizing and/or Approving Documents or “Form of” Documents Supporting the Prepay Transactions; and Directing California Community Choice Financing Authority to Make Payments to Service Providers for Issuance Costs from Prepay Bond Proceeds. The authorizations in each of the Resolutions shall terminate on June 30, 2027; and, (B) Delegate Authority to the Chief Executive Officer to Select the Funding Recipient(s) for Prepay Transactions Completed with GS, JPM, or MS David McNeil, Chief Financial Officer, provided an overview of prepay transactions.
CPA completed five transactions in 2023 and 2024, issuing $5.9 billion of prepay bonds leading to approximately $361 million of energy cost savings over the next eight years, an average annual savings of $45 million. On October 23, 2025, the Executive Committee provided input and support for CPA’s contracting approach for future prepays. On October 29, 2025, the Finance Committee recommended that the Board authorize staff to execute up to $4.5 billion of prepay transactions and delegate authority to staff to select a funding recipient. Mr. McNeil presented portfolio planning considerations and the process for selecting Underwriters and Prepaid Suppliers. The participating banks are qualified and experienced providers capable of structuring and executing prepay transactions for CPA.
Staff clarified for Director Rhodes that CPA is not required to complete the transactions if market conditions are unfavorable within the 18-month window to issue bonds. Director Lesser inquired whether member agencies would assume any liability for the transactions, and staff responded that there is no liability for member agencies and that the joint powers agreement specifies that any of CPA’s liability is to remain with CPA.
Motion: Vice Chair Horvath, Los Angeles County
Second: Director Parkhurst, Sierra Madre
Vote: Item 6 was approved by a roll call vote.
7. Receive Presentation of CPA’s Audited Financial Results for Fiscal Year 2024- 2025 and Fiscal Year 2024-2025 Budget to Actual Report
Mr. McNeil reported that CPA received a clean audit opinion of its Fiscal Year 2024-2025 financial results from Baker Tilly. CPA increased its net position and liquidity by $137 million and $107 million, respectively. Days Liquidity on Hand (DLOH) and the Reserve Percentage increased to 180 days and 45%, respectively. Results were affected by lower retail rates, milder weather, and lower energy prices. Increased investments and favorable interest rates boosted interest income. Mr. McNeil noted seven consecutive clean audits.
The Board had no questions or comments on this item.
8. Receive Presentation on 2026 Power Charge Indifference Adjustment and Rates Outlook
Ted Bardacke, Chief Executive Officer, summarized how SCE rates impact CPA rates, with a focus on the Power Charge Indifference Adjustment (PCIA) fee. On October 1, 2025, SCE implemented a generation rate increase. While this increase did not directly impact CPA customers, it significantly improved CPA’s competitive position. Concurrently, SCE implemented a delivery rate increase, which impacted all customers, including CPA customers. In October, SCE also filed its Energy Resource Recovery Account (ERRA) Update with the CPUC. The ERRA proceeding will determine PCIA rates for CPA customers and generation rates for SCE generation customers starting January 2026. SCE’s proposal would increase PCIA rates and total bills for all CPA customers and reduce SCE generation rates, significantly worsening CPA’s competitive position beginning January 1, 2026.
This potential outcome was previewed with the Board during CPA’s annual rate setting process earlier this year. The precise impact of the rate changes will remain uncertain until the CPUC makes a decision on the ERRA proposal in December and SCE publishes its new rates near the end of December. CPA and CalCCA are advocating for modifications to SCE’s proposal consistent with regulations and past precedent. If adopted, these changes would reduce the magnitude of the PCIA increase. The Board could consider a rate adjustment prior to the regular Fiscal Year 2026-2027 rate setting cycle.
Karen Schmidt, Senior Director, Rates and Strategy, presented details regarding rate comparisons and bill impacts to CPA customers, with a breakdown of energy product cost increases. At its November meeting, the Executive Committee will consider recommended timing and level of interim rate adjustment for the Board’s consideration. A February rate change would provide customers with quicker bill relief. However, this approach involves significant uncertainty as SCE rates could swing based on the outcome of disputed issues, and CPA will have fewer months of financial results available to inform the decision. A decision for a March rate change could allow for a larger rate reduction.
Board action in December would be to adopt a rate approach rather than adopt exact rates. SCE rates will be known in late December. Based on feedback from Executive Committee, staff will return to the Board with options for an interim rate change. Those options will continue CPA’s Board-endorsed practice of harmonizing bill comparisons across PCIA vintages, with the exception of new communities during their first enrollment year. CPA, CalCCA, and the other CCAs in SCE territory are responding to SCE’s ERRA filing, advocating for modifications to SCE’s treatment of banked Renewable Energy Credits.
The Board had no questions or comments on this item.
NOTICE OF PUBLIC HEARING ON DECEMBER 4, 2025, TO CONSIDER A
RESOLUTION TO APPROVE AN IMPLEMENTATION PLAN ADDENDUM ADDING
THE CITIES OF CUDAHY AND FILLMORE AND TO AUTHORIZE STAFF TO SUBMIT
AN ADDENDUM TO THE CALIFORNIA PUBLIC UTILITIES COMMISSION Chair Klein Lopez provided notice of a public hearing on December 4, 2025.
COMMITTEE CHAIR UPDATES
Director Santangelo, Chair of the Finance Committee, congratulated CPA staff for their work resulting in a clean financial audit.
MANAGEMENT REPORT
Mr. Bardacke reported that CPA has met its Resource Adequacy reliability requirements and thanked staff for their contributions to the success of that effort. Mr. Bardacke praised Board members for being part of CPA’s success in earning awards, such as the recent ones given by the Los Angeles Business Council and Active San Gabriel Valley.
BOARD MEMBER COMMENTS
None.
REPORT FROM THE CHAIR
None.
ADJOURN
Chair Klein Lopez adjourned the meeting at 4:09 p.m.