Pioneer Community Energy
Audit & Finance Committee
REGULAR MEETING
February 18, 2026
3:00 PM
2510 Warren Drive, Suite B, Rocklin, CA 95677
REMOTE LOCATION
Nevada City – City Hall, Wetherall Conference Room
317 Broad Street, Nevada City, CA 95959
This regular meeting will convene in person at the address printed above; be accessible on the Zoom platform at the following link:
https://us06web.zoom.us/j/85697920343; and live streamed for viewing on the Pioneer website:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.
Members of the public may participate in person or by remote audio/visual access.
Those who participate remotely and wish to comment should be prepared to use the Zoom platform via computer or telephone. Public comment will be opened for each agenda item in sequence.
How to Participate Using Zoom
You can join the meeting using the following link:
https://us06web.zoom.us/j/85697920343.
When you join the meeting, you will be muted by default. To inform the Clerk that you would like to make a public comment, you will use the “Raise Hand” feature.
Public Comment via Computer or Smartphone
If you would like to make a comment, you will use the “Raise Your Hand” feature. Please note that you should only raise your hand during the item to which you will comment. Instructions for using the “Raise Hand” feature when using a computer or mobile device can be found at the link:
https://support.zoom.us/hc/en-us/articles/205566129-Raising-your-hand-in-a-webinar Public Comment via telephone (Audio Only Option)
1. Dial 1 (669) 900-6833
2. When asked for the meeting ID, enter 856 9792 0343#
3. When asked for your participant ID, press # to continue You will be muted by default. To inform the Clerk that you would like to make a comment during each agenda item, dial *9 to “Raise your hand.” When it is your turn to speak, the clerk will identify you by the last three digits of your phone number, at that time dial *6 to unmute yourself and state your name and comment for the record. Please note that you should only raise your hand during the item to which you will comment.
Committee Members
David Ring
Chair
Richard Pearl
Vice Chair
City of Lincoln
Richard Pearl
John Reedy, Alternate
Town of Loomis
David Ring
Danny Cartwright, Alternate
City of Nevada City
Gary Petersen
Lou Ceci, Alternate
City of Rocklin
Greg Janda
David Bass, Alternate
Plf)NEER
COMMUNITY ENERGY
February 18, 2026 Audit & Finance Committee
I. GENERAL ADMINISTRATIVE FUNCTION – PART 1
A. CALL TO ORDER
1. Roll Call
B. AGENDA REVIEW
C. PRESENTATIONS BY THE PUBLIC ON MATTERS NOT ON THE AGENDA WITHIN THE
JURISDICTION OF THE BOARD
Persons may address the Committee on items that are not on this agenda. Please limit comments to 3 minutes per person. According to State Law (the Brown Act), items must first be noticed on the agenda before any discussion or action. The Committee is prohibited from discussing issues not on the agenda brought to them at this time.
II. CONSENT AGENDA
1) APPROVAL OF THE CONSENT AGENDA
All items on the Consent Agenda have been recommended for approval by the Chief Executive Officer. All Consent items will be approved by a single vote. Anyone may ask to address Consent items prior to the Committee acting, and the item may be moved for discussion. a) Approve minutes of the January 6, 2026 regular meeting.
III. REGULAR AGENDA
2) Overview of Power Prepays (KOEHN)
Receive an overview of Power Prepays from Michael Berwanger, PFM. 3) Overview of 2025-2026 Mid-Year Budget (KOEHN)
Receive an overview of the 2025-2026 mid-year budget.
IV. GENERAL ADMINISTRATIVE FUNCTION – PART 2
A. CHIEF EXECUTIVE OFFICER’S REPORT
B. ADJOURNMENT
Accommodations
Pioneer Community Energy is committed to ensuring that persons with disabilities are provided with the resources to participate fully in its public meetings. If you are hearing impaired, we have listening devices available. If you require additional disability-related modifications or accommodations, including auxiliary aids or services, please contact the Clerk of the Board. If requested, the agenda shall be provided in appropriate alternative formats to persons with disabilities. All requests must be in writing and must be received by the Clerk five business days prior to the scheduled meeting for which you are requesting accommodation. Requests received after such time will be accommodated only if time permits.
Affidavit of Posting
I, Teresa Willock, Board Secretary, declare under penalty of perjury that the foregoing agenda for the February 18, 2026 meeting of the Pioneer Community Energy Audit & Finance Committee was posted and available for public review on February 11, 2026, at the offices of Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, CA 95677; remote location Nevada City – City Hall, Wetherall Conference Room, 317 Broad Street, Nevada City, CA 95959; and on the Pioneer website at:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.
February 18, 2026 Audit & Finance Committee
All public materials related to an item on this agenda submitted to the Audit & Finance Committee after distribution of the agenda packet are also made available for public inspection on Pioneer’s website at:
https://pioneercommunityenergy.org/about-us/meetings-and-agendas/ Any document provided at the meeting by staff or by the public will be provided by the Board Clerk upon request by phone at (916) 758-8946, or by email at: [email protected].
DRAFT
PIONEER COMMUNITY ENERGY
AUDIT & FINANCE COMMITTEE
January 6, 2026
Minutes
Entry No. 1
Heard General Administrative Functions, Part I.
Call to Order
Pioneer Community Energy Audit & Finance Committee met in open session at 3:00 PM on January 6, 2026.
The Members convened in person and the meeting was accessible to the public at Pioneer Community Energy, 2510 Warren Drive, Suite B, Rocklin, California, 95677; was accessible for viewer participation on the Zoom platform at the following link: https://us06web.zoom.us/j/84421300508; and live streamed for viewing on the Pioneer website: https://pioneercommunityenergy.org/about-us/meetings-and-agendas/.
Chair David Ring called the regular meeting of the Audit & Finance Committee to order at approximately 3:01 PM.
Roll Call
Director Pearl (Lincoln)
Director Ring (Loomis)
Director Petersen (Nevada City) - participated by Zoom; remote location was not noticed and he did not participate in the vote actions.
Director Janda (Rocklin)
Public Comment
There were no comments from the public regarding items not listed on this agenda.
Agenda Review
Reviewed the meeting agenda for January 6, 2026, with no amendments made to the agenda.
Entry No. 2
Consent Agenda
Acted on the Consent Agenda as follows:
Approved the minutes of the May 12, 2025, regular meeting.
MOTION: Pearl/Janda. Vote: Unanimous.
Entry No. 3
Financial Audit
Director of Finance & Administration Brad Koehn introduced representatives from Soar CPAs, PC, the independent auditor for Pioneer Community Energy.
Kellen Gilbert, Audit Partner, presented the results of the fiscal year 2024–25 audit. He reported that the audit was near completion and that an unmodified (clean) opinion was expected. No material weaknesses or significant deficiencies in internal controls were identified, and no audit adjustments were proposed. Mr. Gilbert also provided an overview of the firm’s recent merger and rebranding as Soar CPAs, noting that there would be no changes to Pioneer’s engagement team, costs, or scope of services.
Committee members expressed appreciation for the consistent clean audit results and acknowledged staff and accounting support for their work during the audit process.
No action was required; the Committee received and filed the report.
Item 1a
Minutes for Approval
2 Entry No. 4
2026 Rates
Chief Executive Officer Don Eckert provided opening remarks regarding Pioneer’s rate competitiveness and the impacts of the Power Charge Indifference Adjustment (PCIA). Representatives from Pacific Energy Advisors presented an overview of PG&E’s 2026 rate changes, including significant increases in PCIA charges and decreases in PG&E generation rates, and discussed how these changes affect Pioneer customers across different customer vintages.
The presentation included a review of multiple rate-setting scenarios, ranging from rate parity with PG&E generation rates to various discounted generation-rate options, along with the associated financial impacts to Pioneer, including effects on operating margins and reserves. Committee members engaged in extensive discussion regarding customer bill impacts, reserve levels, long-term financial sustainability, regulatory drivers of PCIA volatility, and advocacy efforts underway through CalCCA and other venues.
The Committee provided direction to staff to further refine rate scenarios and customer impact analyses for presentation at the upcoming Board of Directors meeting.
No formal action was taken.
Entry No. 5
Chief Executive Officer’s Report
Chief Executive Officer Eckert provided brief additional context related to upcoming Board discussions.
The meeting adjourned at 4:26 PM.
Audit & Finance Committee
January 6, 2026