Board of
Directors
Regular Meeting
August 28, 2025
Welcome
and
Call to
Order
Roll
Call
5 Land
Acknowledgement
7 RECOGNITION
Supervisor Paloma Aguirre
8 Warm Welcome!
Alternate Director Jack Fisher
City of Imperial Beach
9 Warm Welcome!
Pete Polonsky
Senior Rates Analyst
Gordon Samuel
Chief Commercial Officer
Items to
be Added,
Withdrawn
or Reordered
on the
Agenda
Public
Comment on
non-Agenda
Items
12 Consent
Calendar
1. Approve June 26, 2025, Meeting Minutes
2. Receive and File Treasurer’s Report for Period Ending May 31, 2025
3. Receive and File Update on Programs
4. Receive and File Update on Power Services
5. Receive and File Update on Customer Operations
6. Receive and File Update on IT and Data Analytics
7. Receive and File Update on Human Resources
8. Receive and File Community Advisory Committee Monthly Update
9. Receive and File Update on Marketing, Public Relations, and Local Government Affairs
10. Approve Load Management Standards Compliance Plan Update
11. Authorize Amendment No. 1 to Professional Services Agreement with JSR Strategies LLC to Increase Contract Amount to $650,000 for Marketing, Communications, Website Design, and Maintenance Services
12. Adopt Resolution No. 2025-08, Approving a Second Revision to San Diego Community Power (Community Power) Investment Policy
13. Adopt Resolution No. 2025-12, Approving Updates to San Diego Community Power’s (Community Power) Public Records Request Policy Pursuant to the California Public Records Act (CPRA) Recodification Act, Assembly Bill 473 (AB 473)
Public
Comment
on Consent
Calendar
14 Regular
Agenda
14. Election of Officer(s) for Community Power for the Remainder of Calendar Year 2025
15. Adoption of Resolution No. 2025-10, Requesting CalPERS to Authorize the Division Vote of Community Power Employees to Participate in Social Security, and Upon Receiving Authorization, Authorize Community Power to Conduct the Division Vote
16. Adopt Resolution No. 2025-11, Establishing and Approving a Claims Procedures Policy
17. Adoption of Resolution No. 2025-09, Approving a Disposal of Surplus Property Policy
18. Approve Renewable Power Purchase Agreement with IP Darden IV, LLC
19. 2024 Power Source Disclosure Program Annual Reports and Power Content Label; and Adoption of Resolution No. 2025-13, Approving the Submission and Attesting to the Accuracy of Community Power’s 2024 Power Source Disclosure Annual Reports for PowerBase, PowerOn, Power100, and Power100 Green+
20. Update on Regulatory and Legislative Affairs
21. Update on Results from Clean Prepayment Transaction No. 2 15 Item No. 14
Recommendation:
Recommendation: Elect a Chair and, if necessary, a Vice Chair for the remainder of the 2025 calendar year.
Presenter:
Vice Chair Lawson-Remer
Election of Officer(s) for Community Power for the Remainder of Calendar Year 2025
Public
Comment
on Item
No. 14
17 ITEM NO. 14
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Election of Officer(s) for Community Power for the
Remainder of Calendar Year 2025
Recommendation:
Elect a Chair and, if necessary, a Vice Chair for the remainder of the 2025 calendar year.
18 Item No. 15
Recommendation:
Adoption of Resolution No. 2025-10, requesting CalPERS to authorize the division vote of Community Power employees to participate in Social Security and for Community Power to conduct the division vote upon receiving said authorization.
Presenter:
Chandra Pugh, Senior Director of People Operations and Administration Adoption of Resolution No. 2025-10, Requesting CalPERS to Authorize the Division Vote of Community Power Employees to Participate in Social Security, and Upon Receiving Authorization, Authorize Community Power to Conduct the Division Vote
19 Social Security Update
• Community Power and employees have been contributing to Social Security since agency inception
• In 2021, a 401(a) plan was established to which Community Power contributes an amount equal to 10% of the employee’s salary for the employee’s benefit
• To continue Social Security participation, Community Power needs a Section 218 Agreement with SSA covering its employees
• Community Power working closely with CalPERS to put a Section 218 Agreement in place
20 Social Security Update
Election requires initial Board Resolution, formal 90-day notice to employees prior to election, final Board Resolution, submittal of application and agreement to CalPERS, SSA approval Election will be administered through CalPERS - employees can opt in or opt out of Social Security “Opt in” means the employee stays in Social Security – status quo “Opt out” means the employee can no longer participate in Social Security for the duration of their employment with Community Power.
Each employee chooses for themselves
Former employees and future employees remain in Social Security as long as at least one employee opts in
Public
Comment
on Item
No. 15
22 ITEM NO. 15
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Adoption of Resolution No. 2025-10, Requesting
CalPERS to Authorize the Division Vote of
Community Power Employees to Participate in Social
Security, and Upon Receiving Authorization,
Authorize Community Power to Conduct the Division
Vote
Recommendation:
Adoption of Resolution No. 2025-10, requesting CalPERS to authorize the division vote of Community Power employees to participate in Social Security and for Community Power to conduct the division vote upon receiving said authorization.
23 Item No. 16
Recommendation:
Adopt Resolution No. 2025-11, establishing and approving a Claims Procedures Policy.
Presenter:
Veera Tyagi, General Counsel
Adopt Resolution No. 2025-11, Establishing and Approving a Claims Procedures Policy
24 Claims Procedures Policy
• California Government Claims Act (The Act) specifies the process and time for bringing claims against public entities as a prerequisite to filing a lawsuit (Govt. Code Sections 900 et seq.) • The Act authorizes a local public agency to adopt a policy to govern claims that are specifically exempted under the Act or are not otherwise governed by any other statute or regulation (Government Code Section 935.) • Claims Policy Would:
• (1) require claims that are specifically exempted by the Act or are not otherwise governed by statute or regulation be presented in the same manner and within the same time period as contained in the Act, • (2) require that all claims must be presented pursuant to the Policy as a prerequisite to any lawsuit against Community Power,
• (3) require that claims and application for late claims be presented to the Clerk of the Board, and • (4) authorize the CEO and General Counsel to take all appropriate and necessary actions to process claims against Community Power, including rejecting insufficient claims, returning untimely claims, action on applications for leave to present late claims and, subject to their settlement authority (if applicable), approving or rejecting claims.
Public
Comment
on Item
No. 16
26 ITEM NO. 16
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Adopt Resolution No. 2025-11, Establishing and
Approving a Claims Procedures Policy
Recommendation:
Adopt Resolution No. 2025-11, establishing and approving a Claims Procedures Policy.
27 Item No. 17
Recommendation:
Recommend Board Adoption of Resolution No. 2025-09, Approving a Disposal of Surplus Property Policy.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Adoption of Resolution No. 2025-09, Approving a Disposal of Surplus Property Policy
28 Policy Review
Internal Policy
Review
Joint Powers
Agreement
Policy
Recommendations
Section 3.2.12
The Board may adopt rules,
regulations, policies, bylaws
and procedures governing
operations.
Section 4.5.5
One of the general purposes
of the Board is to set policy.
Community Power did an
internal review of policies
to determine policy gaps.
Community Power conducted a holistic internal review of policies to determine gaps and subsequent policy recommendations to the Board.
The analysis of policies
identified the need to
adopt a policy governing
the disposal of surplus
property.
29 Disposal Framework
Property Value
Property Value
$500 or less
(de minimis)
Property Value
$500 - $25,000
Property Value
$25,000+
Board
Approval
CEO
Approval
Disposed w/o
formal process
30 Disposal Methods
Property Value
$500 or less
(de minimis)
Property Value
$500 - $25,000
Property Value
$25,000+ Direct
Donation
Recycling
Regular
Waste
Auction
Operating
Budget
Public
Comment
on Item
No. 17
32 ITEM NO. 17
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Adoption of Resolution No. 2025-09, Approving a
Disposal of Surplus Property Policy
Recommendation:
Recommend Board Adoption of Resolution No. 2025-09, Approving a Disposal of Surplus Property Policy.
33 Item No. 18
Recommendation:
Approve the proposed Renewable Power Purchase Agreement (“PPA”) for a
91.48 MW solar and 91.48 MW, 4-hour battery energy storage facility, with IP Darden IV, LLC, for a term of up to 12 years, in substantially final form and authorize the Chief Executive Officer to execute the PPA.
Presenter:
Andrea Torres, Director of Origination
Approve Renewable Power Purchase Agreement with IP Darden IV, LLC
34 Darden IV PPA: Background
• Project Size: 91.48 MW solar PV, 91.48
MW, 4-hr lithium-ion battery energy
system, part of a larger 1,148 MW
installation.
• Location: Fresno County
• Permitting: Conditional Use Permit
approved by the California Energy
Commission
• Interconnection: Interconnection
Agreement executed
35 Darden IV PPA: Contract Overview
• Product: Renewable energy, capacity, tolling services • Contract Term: 12 years
• Guaranteed COD: June 1, 2028
• Pricing: fixed pricing with no escalation and no price adjusters for increased tariffs or loss of Investment Tax Credits
• Note: Community Power would receive financial compensation in the event of seller’s failure to successfully achieve certain development milestones as well as seller’s failure to meet the guaranteed energy production
36 Darden IV PPA: Staff Analysis
• The Darden IV project will contribute to Community Power’s 100% renewable by 2035 target, providing over 265,000 MWh of renewable energy per year • Pricing is competitive with comparable product offerings received from Community Power’s recent RFPs
• The Darden IV will provide capacity product, helping Community Power meet the CPUC’s resource adequacy requirements
• Intersect Power’s supply chain strategy focuses on securing a high percentage of domestic content, reinvesting in the domestic energy transition economy and mitigating supply chain related risks, including the risk of tariff increases
37 Darden IV PPA: Workforce Development and Community
Benefits
• The larger Darden Project is estimated to create approximately 1,600 temporary construction jobs and 14 permanent jobs
• The project will be constructed using a 5-craft Project Labor Agreement • The project has committed $100,000 to a community benefit fund to benefit Community Power customers
• Intersect Power has a long-term community benefits plan in western Fresno County with a focus on education and economic opportunity, transportation, air quality, housing, and healthy foods
Public
Comment
on Item
No. 18
39 ITEM NO. 18
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Approve Renewable Power Purchase Agreement with
IP Darden IV, LLC
Recommendation:
Approve the proposed Renewable Power Purchase Agreement (“PPA”) for a 91.48 MW solar and 91.48 MW, 4-hour battery energy storage facility, with IP Darden IV, LLC, for a term of up to 12 years, in substantially final form and authorize the Chief Executive Officer to execute the PPA.
40 Item No. 19
Recommendation:
Adopt Resolution 2025-13 approving the submission and attesting to the accuracy of Community Power’s 2024 Power Source Disclosure annual reports for PowerBase, PowerOn, Power100, and Power100 Green+.
Presenter:
Kenny Key, Director of Power Contracts
2024 Power Source Disclosure Program Annual Reports and Power Content Label; and Adoption of Resolution No. 2025-13, Approving the Submission and Attesting to the Accuracy of Community Power’s 2024 Power Source Disclosure Annual Reports for PowerBase, PowerOn, Power100, and Power100 Green+
41 2024 Power Source Disclosure Program Annual Reports
Background:
California Public Utilities Code requires all Load Serving Entities (LSEs) to disclose “accurate, reliable, and simple-to-understand information on the sources of energy, and the associated emissions of greenhouse gasses, that are used to provide electric services.” Power Source Disclosure, which is submitted to the CEC Power Content Label, which will be distributed to all Community Power customers who were served in 2024
August: Community Power Board attestation to the veracity of the Power Source Disclosure submission to the CEC prior to approval of the Power Content Label October: Power Content Label uploaded to Community Power website December-January: Power Content Label mailed to customers 42 Power Source Disclosure
• Accounts for every MWh of renewable energy procured in 2024 • Data vetted & validated by Community Power Staff and consultants • Compares total Retail Sales by product (MWh) to procure renewable energy (MWh) and then determines the emission factor for any MWh that is not carbon free Power100
Green+ Power100 PowerOn PowerBase
Retail
Sales 37.27 551,582.58 7,147,246.75 26,037.87
Unmet
Load - - 3,205,615.23 14,320.87
43 Power Source Disclosure
• 2024 Power Content Label (Draft)
Green+ Power100 PowerOn PowerBase Portfolio
Biomass & Biogas 0.00% 7.17% 34.00% 6.75%
Eligible Hydroelectric 0.00% 0.45% 0.00% 0.42%
Geothermal 0.00% 0.06% 0.00% 0.05%
Solar 50.00% 50.00% 33.89% 0.00% 34.92%
Wind 50.00% 50.00% 11.61% 11.00% 14.35%
Renewable 100.00% 100.00% 53.17% 45.00% 56.48%
Large Hydroelectric (CF) 0.00% 1.98% 0.00% 1.83%
Unspecified 44.85% 55.00% 41.68%
Grand Total 100.00% 100.00% 100.00% 100.00% 100.00%
44 Power Source Disclosure History
54.9 100
57.62 54.2
100
59.15 51.1
100
54.68 53.17
100
56.48 45
100
0 20
40 60
80 100
120
PowerOn Power100 Portfolio PowerBase Power100 Green+
2021 2022 2023 2024
Renewable %
RPS Min
Public
Comment
on Item
No. 19
46 ITEM NO. 19
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
2024 Power Source Disclosure Program Annual
Reports and Power Content Label; and Adoption of
Resolution No. 2025-13, Approving the Submission
and Attesting to the Accuracy of Community Power’s
2024 Power Source Disclosure Annual Reports for
PowerBase, PowerOn, Power100, and Power100
Green+
Recommendation:
Adopt Resolution 2025-13 approving the submission and attesting to the accuracy of Community Power’s 2024 Power Source Disclosure annual reports for PowerBase, PowerOn, Power100, and Power100 Green+.
47 Item No. 20
Update on Regulatory and Legislative Affairs
Recommendation:
Receive and File Update of Regulatory and Legislative Affairs.
Presenter:
Laura Fernandez, Senior Director of Regulatory and Legislative Affairs Patrick Welch, Associate Director of Legislative Affairs Aisha Cisna, Senior Policy Manager
48 Legislative Update
State Activities
• The Legislature adjourns on September 12. Community Power has reviewed over 170 pieces of legislation since January
• The Senate and Assembly energy committees have held 7 informational hearings and 17 bill hearings
• Energy is a major issue shaping the end of the legislative session: utility wildfire fund, cap and trade extension, oil refinery closures, electric market regionalization, and electric affordability
• Community Power supports the following bills that are still moving through the legislative process:
o AB 44 (Schultz): California Energy Commission load modification o AB 740 (Harabedian): virtual power plant deployment plan o SB 283 (Laird): battery energy storage safety
o SB 302 (Padilla): tax conformity for federal clean energy tax credits o SB 710 (Blakespear): solar and storage property tax exclusion 49 Legislative Update
State Activities • Community Power supported the following bills that are no longer moving through the legislative process: o AB 259 (Rubio): just cause & emergency circumstances teleconferencing standards for
governing boards*
o AB 915 (Petrie-Norris): clean energy funding for
distributed energy assets
o SB 239 (Arreguin): streamlined teleconferencing
standards for subsidiary bodies*
o SB 330 (Padilla): public financing of new
transmission powerlines
o SB 331 (Padilla): streamlined environmental
review for certain transmission powerlines
50 Legislative Update
State Activities • Community Power is opposing the following bills that are still moving through the legislative process, unless they are amended: o AB 825 (Petrie
-Norris): state task force oversight of
local demand side management programs
o SB 540 (Becker): regional energy market pathway Note: Community Power supported prior versions of the bill and along with coalition members, is
seeking amendments that would again garner
support
• Community Power opposed the following bill unless it
was amended. It is no longer moving through the
legislative process: o AB 1295 (Patterson): customer billing 51 Legislative Update
State Activities
Support for Self-Generation Incentive Funding Support for Distributed Electricity Backup Assets and Demand Side Grid Support Funding Support for Energy Efficiency Funding 52 SDG&E Application to Withdraw from Regional
Energy Efficiency Administration
Key Milestones
Date Milestone
April 25, 2025 SDG&E filed off-cycle application to discontinue administration of regional energy efficiency (EE)
programs in the region
May 29, 2025 Protests and response to application filed September 5, 2025 Legal briefs
September 26, 2025 Reply briefs
November 2025 Proposed decision on legal permissibility December 2025 Final decision on legal permissibility
53 SDG&E Application to Withdraw from Regional
Energy Efficiency Administration
Key Issues to Be Addressed in Legal Briefs
• Statutory Compliance: Assess whether SDG&E is legally permitted to withdraw • Impacts of Withdrawal: Clarify how legal mandates for first meeting unmet resource needs with energy efficiency and achievement of CPUC-assigned savings goals would be satisfied if SDG&E withdraws from regional program administration • Role of SDREN: Evaluate the Commission's legal authority to assign SDG&E's responsibilities to San Diego Regional Energy Network (SDREN) Public
Comment
on Item
No. 20
55 ITEM NO. 20
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Update on Regulatory and Legislative Affairs
Recommendation:
Receive and File Update of Regulatory and Legislative Affairs. 56 Item No. 21
Update on Results from Clean Prepayment Transaction No. 2 Recommendation:
Receive and file the update for the Clean Energy Prepayment Bond finance initiative.
Presenter:
Dr. Eric Washington, Chief Financial Officer/Treasurer
Jeb Spengler, Senior Strategic Finance Manger
57 Clean Energy Prepayment Transaction
Overview
• Goal – Reduce cost of power purchases by 8% or more to enhance affordability • How – Leverage use of tax-exempt bonding capacity to secure long-term supply • Background
• Codified in the U.S. tax law
• Used since the 1990s largely for natural gas transactions • Over 100 transactions totaling over $75 billion completed in the U.S. – mostly for gas • 21 energy prepayment transactions totaling $21.5 billion completed since 2021 for California Community Choice Aggregators
• Community Power (through CCCFA) sold its first prepayment bond issue in November 2024 and second prepayment bond issue in July 2025
58 Prepayments That Have Been Completed by
CCAs in California
Date Amt. ($000) Issuer Description Beneficiary
09/2021 1,234,720 CCCFA (21A) Elec (Green) SVCE, AVA
11/2021 602,655 CCCFA (21B) Elec (Green) MCE
06/2022 931,120 CCCFA (22A) Elec (Green) AVA
12/2022 459,640 CCCFA (23A) Elec (Green) Pioneer
01/2023 841,550 CCCFA (23B) Elec (Green) SVCE
02/2023 998,780 CCCFA (23C) Elec (Green) CPA
06/2023 958,290 CCCFA (23D) Elec (Green) CPA
08/2023 997,895 CCCFA (23E) Elec (Green) AVA
10/2023 647,750 CCCFA (23F) Elec (Green) CCCE
12/2023 1,038,285 CCCFA (23G) Elec (Green) MCE
01/2024 1,101,625 CCCFA (24A) Elec (Green) SVCE
08/2024 1,524,180 CCCFA (24B) Elec (Green) CPA
10/2024 959,825 CCCFA (24C) Elec (Green) PCE
10/2024 1,152,995 CCCFA (24D) Elec (Green) CPA
Date Amt. ($000) Issuer Description Beneficiary
10/2024 1,152,995 CCCFA (24D) Elec (Green) CPA
11/2024 1,243,210 CCCFA (24E) Elec (Green) SJCE
11/2024 1,000,500 CCCFA (24F) Elec (Green) Community
Power
11/2024 775,590 CCCFA (24G) Elec (Green) SCPA
12/2024 1,290,750 CCCFA (24H) Elec (Green) CPA
01/2025 493,345 CCCFA (25A) Elec (Green) VCEA
06/2025 1,062,605 CCCFA (25B) Elec (Green) MCE
[07/2025] *** CCCFA (25C) Elec (Green) AVA
07/2025 1,005,685 CCCFA (25D) Elec (Green) Community
Power
Total 21,473,990
*** Preliminary, not yet final
59 Board Authorized Execution Parameters
• Aggregate principal amount of bonds will not exceed $1.5 billion Final principal amount = $1.005 billion
• Minimum discount of at least 8% of the fixed cash flows or equivalent $ per MWh Discount of 10.5% achieved
• Total issuance costs will not exceed 1.00% of the amount of bond proceeds issued Total final costs = 0.62% of bond proceeds
• Bonds are not obligations of Community Power
Bonds were issued by CCCFA and are secured by a pledge of the “Trust Estate” 60 2025 Prepay #2 Transaction Highlights
Aggregate Bond Principal $1,005,685,000
Municipal Bond Rating A2 (Moody’s)
Green Bond Certification Kestrel Sustainability Benchmark 5.00 out of 5.00, Top 1%* *compared to all bonds scored in electric utility sector Initial Bond Pricing Period • 9 Years (July 1, 2034)
• After the initial period, bonds will be repriced per the negotiated repricing agreement and a new discount will be established based on the then prevailing market conditions
Final Bond Maturity Date • October 1, 2055
Discount Achieved • $7.625/MWh 9/25 – 7/34
• ~$6.1 million per year for Community Power through initial 9-year period (including annual rebates)**
Energy Volume Supported by Bond Proceeds • 5,934,510 MWh (initial term) Power Delivery Start Date • September 1, 2025
**Annual savings are not uniform
61 Community Power Prepay Energy Cost Savings
Total Energy Cost Savings Plus Annual Custodial Account Rebates -
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Annual Energy Savings
Prepay #1 Prepay #2 Annual Rebates
Public
Comment
on Item
No. 21
63 ITEM NO. 21
BOARD
MEMBER
COMMENTS
AND
QUESTIONS
Update on Results from Clean Prepayment
Transaction No. 2
Recommendation:
Receive and file the update for the Clean Energy Prepayment Bond finance initiative.
Report by
Chief
Executive
Officer
65 Recent Speaking Engagements
North San Diego Business Chamber Military
Summit
South Bay Economic Development Center
Summit
66 Community Power in the Community
Olivewood Garden Day of Play Chula Vista Lemon Festival Power100 Champion Summer Mixer 67 Upcoming Events and Announcements
2024 Community Clean Energy Grants Press Event 2024 Solar Battery Savings Contractor Training
Directors'
Comments
Adjournment
Next Regular
Board of Directors Meeting
September 25, 2025