MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– FEBRUARY 19, 2026
SAN DIEGO COMMUNITY POWER
FINANCE AND RISK MANAGEMENT COMMITTEE
Regular Meeting Minutes
February 19, 2026
City of Chula Vista
276 Fourth Avenue, Chula Vista, CA 91910
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WELCOME
CALL TO ORDER
Chair Yamane called the Finance and Risk Management Committee meeting to order at 4:01 p.m.
ROLL CALL
PRESENT: Chair Yamane, City of National City; Vice Chair Suzuki, City of La Mesa; and Director Inzunza, City of Chula Vista
Absent: None
Staff Present: Chief Executive Officer Burns (via Zoom Teleconference); Director of Finance Manglicmot; Senior Strategic Finance Manager Spengler (via Zoom Teleconference); Rates; General Counsel Tyagi; Clerk of the Board Hernandez; and Assistant Clerk of the Board Vences
PLEDGE OF ALLEGIANCE
Chair Yamane led the Pledge of Allegiance.
LAND ACKNOWLEDGEMENT
Chair Yamane acknowledged the Kumeyaay Nation and all the original stewards of the land.
ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA There were no items added, withdrawn, or reordered on the agenda.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– FEBRUARY 19, 2026
PUBLIC COMMENTS FOR ITEMS NOT ON THE AGENDA
Rob, Chula Vista Live Data representative, provided public comments.
CONSENT CALENDAR
1. Approve December 4, 2025, Meeting Minutes
2. Recommend Appointment of Jeb Spengler as San Diego Community Power’s Interim Treasurer There were no public comments on Consent Item Nos. 1-2.
Motioned by Director Inzunza and seconded by Vice Chair Suzuki to approve Consent Item Nos. 1-2.
The motion carried 3/0 by Roll Call Vote as follows:
AYES: Chair Yamane, Vice Chair Suzuki and Director Inzunza NOES: None
ABSTAINED: None
ABSENT: None
REGULAR AGENDA
3. Treasurer’s Report for Period Ending November 30, 2025 Mr. Spengler presented the Treasurer’s Report for Period Ending November 30, 2025.
There were no public comments on Item No. 3.
After Committee Member comments, the Treasurer’s Report for Period Ending November 30, 2025, was received and filed.
4. Resolution, Authorizing Execution of an Energy Prepayment Transaction, Related Documents, and ‘Form of’ Documents Subject to Maximum Issuance Amount, Limitation on Fees, and Minimum Required Savings
Messrs. Spengler and Mike Berwanger (via Zoom Teleconference), representative from PFM, provided an overview of the Energy Prepayment Transaction.
There were no public comments on Item No. 4.
Motioned by Vice Chair Suzuki and seconded by Director Inzunza to recommend Board adoption of Resolution, approving parameters under which an energy prepayment transaction can be completed; MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– FEBRUARY 19, 2026 authorizing and approving documents or “form of” documents supporting the prepay transaction; and directing California Community Choice Financing Authority (CCCFA) to make payments to service providers for issuance costs from prepay bond proceeds. The motion carried 3/0 by Roll Call Vote as follows:
AYES: Chair Yamane, Vice Chair Suzuki, and Director Inzunza NOES: None
ABSTAINED: None
ABSENT: None
5. Amendment of the FY 2025-26 Operating Budget, the FY 2025-26 Capital Budget, and the FY 2026-30 Capital Investment Plan
Messrs. Manglicmot and Do presented the proposed amendment of the FY 2025-26 Operating Budget, the FY 2025-26 Capital Budget, and the FY 2026-30 Capital Investment Plan.
There were no public comments on Item No. 5.
Motioned by Director Inzunza and seconded by Vice Chair Suzuki to recommend Board Approval of Amendment of the FY 2025-26 Operating Budget, the FY 2025-26 Capital Budget, and the FY 2026- 30 Capital Investment Plan. The motion carried 3/0 by Roll Call Vote as follows:
AYES: Chair Yamane, Vice Chair Suzuki, and Director Inzunza NOES: None
ABSTAINED: None
ABSENT: None
COMMITTEE MEMBER ANNOUNCEMENTS
None.
ADJOURNMENT
The Finance and Risk Management Committee adjourned at 4:39 p.m. to the next regular meeting scheduled for Thursday, March 19, 2026, at 4 pm.
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Sandra Vences
Assistant Clerk of the Board