Presentation — San Diego Community Power Board of Directors, February 26, 2026

2 Board of Directors
Special Meeting
February 26, 2026
3 Welcome and Call to Order
4 Roll Call
55 6
Land Acknowledgement
7 Items to be Withdrawn or
Reordered on the Agenda
8 Public Comment on non-Agenda Items
9 Consent
Calendar

1. Approve January 15, 2026, Meeting Minutes

2. Receive and File Update on Programs

3. Receive and File Update on Power Services

4. Receive and File Update on Customer Operations

5. Receive and File Update on IT and Data Analytics

6. Receive and File Update on Human Resources

7. Receive and File Update on Marketing, Public Relations, and Local Government Affairs

8. Receive and File Treasurer’s Report for Period Ending November 30, 2025

9. Receive and File Community Advisory Committee Monthly Update

10. Receive and File San Diego Regional Energy Network (SDREN) Update

11. Approve Appointment of the San Diego Community Power Alternate to the City of La Mesa Environmental Sustainability Commission

12. Adopt Resolution No. 2026-01, Appointing Jeb Spengler as San Diego Community Power’s Interim Treasurer

13. Adopt Resolution No. 2026-02, Amending Teleconference Policy

14. Approve 2026 Community Advisory Committee (CAC) Work Plan 10 Public Comment on Consent Calendar
11 Regular
Agenda

18. Adopt Resolution No. 2026-03, 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

15. Community Clean Energy Grants Update

16. Consider and Approve Appointment of Sorayda Santos to the Community Advisory Committee to Fill National City Vacancy

17. Amendment of the FY 2025-26 Operating Budget, the FY 2025- 26 Capital Budget, and the FY 2026-30 Capital Investment Plan

19. Adopt Resolution No. 2026-04, Authorizing Execution of the Application and Agreement for Social Security Coverage

20. Adopt Resolution No. 2026-05, Amending Inclusive and Sustainable Workforce Policy, and also Updating Energy
Proposal Evaluation Criteria

21. Update on Regulatory and Legislative Affairs
12 Item No. 18
Adopt Resolution No. 2026-
03, 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
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff and a Net Billing Tariff
Aggregation (NA) for all new customers who
elect this and who have installed onsite
generation on or after February 15, 2024 that
qualifies for the tariff and for existing
customers transitioning out of the Virtual Net
Energy Metering Tariff (VNEM) or the Net
Energy Metering Aggregation Tariff (NEMA)
following the conclusion and/or termination of
their NEMA legacy period.

Recommendation:

Adopt Resolution No. 2026-03, approving
parameters under which an energy
prepayment transaction can be completed;
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.

Presenters:

Jeb Spengler, Senior Strategic Finance Manager
13 Prepay Program To Date
• In 2023, Community Power began diligence on the energy prepayment opportunity. • In 2024, after detailed review by staff in conjunction with outside experts, Community Power approved moving forward with its first prepayment transaction.
• Two transactions have been completed to date and have been very successful (detailed below) and a third is seeking approval tonight.
• Given the size of Community Power’s portfolio, there is opportunity to do several transactions over the coming years.
• In November 2024, California Community Choice Financing Authority (CCCFA) issued Clean Energy Project Revenue Bonds, Series 2024F on behalf of Community Power in the amount of $1.005 billion. o Total savings through the initial term of the bonds of November 2032 are expected to equal $53.2 million • In July 2025, California Community Choice Financing Authority (CCCFA) issued Clean Energy Project Revenue Bonds, Series 2025D on behalf of Community Power in the amount of $1.006 billion. o Total savings through the initial term of the bonds of July 2034 are expected to equal $54.1 million 14 Prepayments That Have Been Completed by CCAs in California Date Amt. ($000) CCCFA Series Beneficiary
09/2021 1,234,720 21A SVCE, AVA
11/2021 602,655 21B MCE
06/2022 931,120 22A AVA
12/2022 459,640 23A Pioneer
01/2023 841,550 23B SVCE
02/2023 998,780 23C CPA
06/2023 958,290 23D CPA
08/2023 997,895 23E AVA
10/2023 647,750 23F CCCE
12/2023 1,038,285 23G MCE
01/2024 1,101,625 24A SVCE
08/2024 1,524,180 24B CPA
10/2024 959,825 24C PCE
10/2024 1,152,995 24D CPA
Date Amt. ($000) CCCFA Series Beneficiary
11/2024 1,243,210 24E SJCE
11/2024 1,000,500 24F SDCP
11/2024 775,590 24G SCPA
12/2024 1,290,750 24H CPA
01/2025 493,345 25A VCEA
06/2025 1,062,605 25B MCE
07/2025 1,005,685 25D SDCP
09/2025 1,004,395 25C AVA
10/2025 960,730 25E AVA
11/2025 844,495 25F SVCE
12/2025 1,035,235 25G PCE
01/2026 1,245,685 26A-1 26A-2 SJCE
02/2026 962,915 26B CPA
Total 26,374,450
• Several CCAs have comparable prepayment programs with multiple transactions including CPA, Ava, SVCE, PCE and MCE.
15 Community Power Prepay Savings
Community Power has saved $7.05 million between January 2025 and January 2026 -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 Annual Energy Savings
Prepay #1 Prepay #2 Annual Rebates Prepay #3 (estimate) 16 Prepay No. 3 Planning
• 2024: Request for Proposal process to select prepay municipal advisor, prepay counterparties and outside prepay counsel. Community Power also joins CCCFA as a member agency.
• November 2025: Staff engages with Goldman Sachs as clean energy prepay counterparty for Community Power’s energy prepayment transaction #3
• February 19, 2026: FRMC
• February 26, 2026: CCCFA Board Meeting (Conditional Approval) • February 26, 2026: Community Power Board Meeting
• March 5, 2026*: Bond Pricing
• March 19, 2026*: Bond closing date
• August 2026: (Tentative) Energy cost savings begin
*subject to change based on market conditions
FEB

M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
MAR

M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31
17 • Structures transaction
• Markets and underwrites bonds
• Underwriter: Goldman Sachs
• Underwriter’s Counsel: Nixon Peabody
• Electricity Supplier: J. Aron & Company LLC
• Electricity Supplier Counsel: Sheppard Mullin
Key Financing Team & Project Participants
San Diego Community Power
Municipal Advisor* Prepay Counsel* Conduit Issuer Prepaid Supplier* Custodian/
Trustee* Rating Agency Commodity Swap Counterparty*
• Financial advisory
• Advice on structure,
timing, and terms
• Fiduciary responsibility
to SDCP
• PFM
• Legal advisory
• Represents SDCP’s
interests
• Chapman & Cutler LLP
• Issuer of tax-exempt
bonds
• California Community
Choice Financing
Authority (CCCFA)
• Manages prepay
estate
• Bond interest
payments
• U.S. Bank
• Rates bonds
• Moody’s
• Fixes out commodity
cashflows
• RBC
Green Bond Verifier
• Certifies that the
Bonds are green
• Kestrel
Bond/Tax Counsel*
• Legal services
• Affirms tax-exempt
bond status and validity
of bond offering
• Orrick, Herrington &
Sutcliffe
Green Font = firms that will be used for the prepay transaction *Fees paid on contingency from bond proceeds
18 Prepay Transaction Structure
Term: 30-year bonds repricing every 5-10 years depending on the optimal spread between taxable and tax-exempt interest rates.

Process:

1. CCCFA issues the Bonds to fund the prepayment for Energy.

2. CCCFA uses bond proceeds to prepay Energy Supplier (J.

Aron) for 30-years of energy deliveries.

3. Electricity Supplier enters into Commodity Swap with RBC for energy purchases at index prices.

4. CCCFA enters into Commodity Swap with RBC for energy sales at index price.

5. CCCFA sells SDCP all of the energy delivered by Electricity Supplier on a pay-go basis at an index price less the
discount.

6. Electricity Supplier enters into a Funding Agreement with a Funding Recipient to pay scheduled monthly amounts.

7. SDCP assigns it rights to receive EPS compliant Energy under existing and future PPAs to J. Aron.

Electricity
Supplier
(SPV)
Commodity
Swap
Counterparty
(RBC)

SDCP CCCFA
Tax-Exempt
Bond Investors
Debt
Service
Bond
Proceeds
Funding
Recipient
(Realty Income)
J. Aron
PPAs
5 4
1 7
6 3
2 Index
Price less
Discount
Energy
Fixed
Price
Index Price
Fixed
Price
Index Price
Energy
Prepayment
Scheduled
Amounts
Funding
Agreement
Energy
Mgmt.

Agreement
Index
Price
Index
Price Energy
Assigned
PPAs
One-Time (Upfront)
Monthly or Ongoing
19 Risks and Mitigation
Transaction terminates, loss of savings, reverts back to original energy contract terms • Mitigated by selecting an investment grade credit-rated Prepaid Supplier Out-of-pocket costs
• Most consultant fees are contingent on successful bond sale (with the exception of Green Bond designation and Rating Agency Fees)
Market-timing risks
• Mitigated by being ready to price the bonds when the market is favorable Load loss or inability to assign a PPA into the prepay
• Mitigated by volume of SDCP PPAs and Prepaid Supplier’s ability to source energy from the market for delivery to Bond Issuer / SDCP if needed
Tax and regulatory risk – loss of tax-exemption financing would eliminate future prepay issuance 20 Key Documents for Community Power Approval
Document Content
Clean Energy Purchase
Contracts
Document between Community Power and Issuer (CCCFA). This is the primary document that Community Power will enter into and lays out: (1) delivery obligations, (2) assignment provisions associated with a Power Purchase Agreement, and (3) minimum future savings
PPA Payment Custodial
Agreement
Details cash flows between Community Power, Prepay Supplier (Goldman Sachs) and Custodian (U.S. Bank)
Form of Limited
Assignment Agreement
Details terms of limited assignment of energy Power Purchase Agreements (PPA) that are assigned to prepay
21 Key Documents for Community Power Approval (continued) Document Content
Letter Agreement re:

PPA Assignments
Defines the commercial and administrative terms between the parties, including operational procedures, notice requirements, reporting expectations, etc.

Operational Services
Agreement
Agreement by and between CCCFA and SDCP to provide for the administration of certain operational matters during the term of the Bonds Memorandum of
Understanding
Agreement between SDCP and CCCFA indemnifying CCCFA from specific rating agency and Green Bond fees.
22 Other Related Documents
• Board Authorizing Resolution – includes transaction execution parameters o Aggregate principal amount of bonds will not exceed $1.25 billion o Minimum discount of at least 8% of the fixed cash flows or equivalent $ per MWh
o Total issuance costs will not exceed 1.00% of the amount of bond proceeds issued
o Bonds are not obligations of Community Power
• Appendix A to the Preliminary Official Statement
o Contains certain information regarding Community Power, for inclusion in the Preliminary Official Statement and Official Statement for the Bonds and distributed to potential bond investors.
23 Public Comment on
Item No. 18
24 Item No. 18
Board Members
Comments or
Questions
Adopt Resolution No. 2026-03,
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
Recommendation:

Xiomalys Crespo, Senior Community Engagement
Manager
Recommendation: Receive and file
Community Power’s revisions to the existing
Receive and File Community Clean
Energy Grants Update. o the existing
Net Billing Tariff (NBT) and Community
Power’s establishment of the new Net Billing
Tariff and a Net Billing Tariff Aggregation (NA)
for all new customers who elect this and who
have installed onsite generation on or after
February 15, 2024 that qualifies for the tariff
and for existing customers transitioning out of
the Virtual Net Energy Metering Tariff (VNEM)
or the Net Energy Metering Aggregation Tariff
(NEMA) following the conclusion and/or
termination of their NEMA legacy period.

Recommendation:
26 SDF, Community Power & Calpine Partnership
• San Diego Foundation (SDF) and San Diego
Community Power (Community Power) launched
its first grant cycle in 2023
• This grantmaking relationship expanded in 2024
to include Calpine Community Energy (Calpine)
who provides back-end services for Community
Power and contributes community investment
resources
• $2.5M distributed to date towards local clean
energy and green workforce development
projects in San Diego County
27 Funding Opportunity
• Funding to new and existing projects that move communities towards a healthier, more sustainable, clean energy future.
• Grants will be made to support local clean energy projects and programs that provide economic, environmental, and health benefits to Community Power’s communities. • More than $750,000 in grants.
• Grant sizes: $25,000 - $150,000 depending on the funding track. • Grants must be expended within 12-months of their award date. 28 Funding Priorities
Grants will be awarded across the following focus areas:
• Increase overall energy literacy of Community Power customers. • Energy-focused educational programming that encourages clean energy use, particularly for youth.
• Improvements in indoor and/or outdoor air quality related to electrification. • Workforce development opportunities that support careers in the clean energy industry.
• Improved energy resilience to ensure communities can avoid, prepare for, minimize, adapt to and recover from energy disruptions.
29 Funding Tracks
Track 1:

Clean Energy Infrastructure
Grant Range:
$50,000 - $150,000
Track 2:

Clean Energy Programming
Grant Range:
$25,000 - $50,000
30 Grant Eligibility
To be eligible for grant funding, applicants must meet the following criteria:
• Applications must be led by a 501(c)(3) nonprofit or another tax-exempt organization (e.g., public agencies, higher education institutes).
• Applicants and/or their partners must have relevant and demonstrated experience serving the Communities of Concern identified in their application. • Proposed projects must serve Community Power communities – Cities of Chula Vista, Encinitas, Imperial Beach, La Mesa, National City, San Diego, and the unincorporated communities of San Diego County.
• Applications must align with either the Track 1 or Track 2 funding priorities of this grant cycle.
31 Evaluation Process & Criteria
• All applications must
be submitted via Foundant by 5:00 p.m. PST
on Friday, March 6, 2026.
• All applications will be reviewed and selected
by a collaborative evaluation committee
comprised of representatives from Community
Power, Calpine Community Energy, and SDF.
• Evaluators will adhere to a strict conflict of
interest policy, non-disclosure agreement,
evaluation criteria, and other internal controls
to ensure that grant funding is distributed in
an objective manner based on the merits of
each proposal.

Criteria Scoring
Funding Priority Alignment & Program
Design
13 points
Regional Environmental Impact 15 points
Feasibility and Readiness 15 points
Communities Served 12 points
32 Application Technical Assistance
• SDF & Community Power staff will be available to provide technical assistance throughout the application period ending on March 6, 2026. Our goal is to strengthen application alignment with this cycle’s funding priorities.
• While SDF & Community Power staff cannot provide explicit direction on program design, they can provide feedback to encourage alignment with the grant guidelines. • Applications including Distributed Energy Resources (DERs) are encouraged to set up a technical assistance call with SDF and Community Power staff regarding technical requirements and other details impacting the feasibility of Virtual Power Plan (VPP) enrollment. • If you would like to set up a time to discuss your application with SDF staff, or have a question about the grant cycle or application process, please reach out to [email protected]. 33 Clean Energy in Action
San Diego Community Power
Community Clean Energy Grant
34 35
36 37
38 39
40 41
42 South Bay Clean Energy Education
Program
43 Who we are
44 Why South Bay?
Why youth leaders?
Why diverse discipline
areas?
Why this program?
45 1) Build the knowledge and
experience of an
interdisciplinary cohort of 9
teachers in clean energy,
energy efficiency,
sustainability, and resilience.
2) Create curricula, lesson
plans and activities tailored
to diverse courses and the
needs of students.

Year 1 Goals
46 3) Educate 1,800 students at 3
South Bay high schools through a
variety of approaches about clean
energy, with 3 high school interns
4) Engage about 2,000 community
members through tabling,
community presentations and
students talking to their families
5) Produce an evaluation of the
program and a replicable package
of resources and distribute them to
regional educators via our partners
Year 2 Goals
47 Selected nine
interdisciplinary teachers
Hosted a kickoff event and
teacher training
Curriculum drafts and rounds
of feedback
Our progress year 1 Hired a high school intern
48 Teachers piloting curriculum
in classrooms, gathering
survey results
Coordinating clean energy
career guest speakers
Student organizing and
community events
Our progress year 2 Hired three high school
interns
49 Curriculum pilots completed
Review feedback and final
edits to curriculum
Package curriculum and
distribute regionally to
teachers
Next steps Clean energy career guest
speakers at schools
50 “It's not about us, it's
about students taking the
lead and becoming
advocates. We can equip
them with not just the
knowledge, but the ability
to control the future of
their environment”
- Mrs. Ekstein,
AP Environmental Science
51 Public Comment on
Item No. 15
52 Item No. 15
Board Members
Comments or
Questions
Community Clean Energy
Grants Update
Recommendation:

Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
Receive and File Community Clean
Energy Grants Update. o the existing
Net Billing Tariff (NBT) and Community
Power’s establishment of the new Net Billing
Tariff and a Net Billing Tariff Aggregation (NA)
for all new customers who elect this and who
have installed onsite generation on or after
February 15, 2024 that qualifies for the tariff
and for existing customers transitioning out of
the Virtual Net Energy Metering Tariff (VNEM)
or the Net Energy Metering Aggregation Tariff
(NEMA) following the conclusion and/or
termination of their NEMA legacy period.
53 Item No. 16
Consider and Approve
Appointment of
Sorayda Santos to the
Community Advisory
Committee to Fill
National City Vacancy
Presenter:

Xiomalys Crespo, Senior Community Engagement Manager
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff and a Net Billing Tariff
Aggregation (NA) for all new customers who
elect this and who have installed onsite
generation on or after February 15, 2024 that
qualifies for the tariff and for existing
customers transitioning out of the Virtual Net
Energy Metering Tariff (VNEM) or the Net
Energy Metering Aggregation Tariff (NEMA)
following the conclusion and/or termination of
their NEMA legacy period.

Recommendation:

Consider and approve appointment of
Sorayda Santos to the Community Advisory
Committee (CAC) to fill National City
vacancy.
54 Membership Criteria and Selection Process
• The Community Advisory Committee (CAC) includes 2 members from each member agency. • Appointments are to prioritize residents from diverse social, economic, and racial backgrounds that are representative of all residents within Community Power's service territory. • Staff promoted the vacancy via social media, the Board of Directors, the CAC and directly engaging with member agency staff and the public; and worked with Director Yamane to review the process and the application received to determine an appointment based on Membership Terms & Criteria.
• Director Yamane has nominated Sorayda Santos.
55 Public Comment on
Item No. 16
56 Item No. 16
Board Members
Comments or
Questions
Consider and Approve Appointment
of Sorayda Santos to the
Community Advisory Committee to
Fill National City Vacancy
Recommendation:

Consider and approve appointment of
Sorayda Santos to the Community Advisory
Committee (CAC) to fill National City
vacancy.
57 Item No. 17
Amendment of the FY
2025-26 Operating
Budget, the FY 2025-26
Capital Budget, and the
FY 2026-30 Capital
Investment Plan
Presenter:

Tim Manglicmot, Director of Finance
Chris Do, Senior Financial Analyst
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff and a Net Billing Tariff
Aggregation (NA) for all new customers who
elect this and who have installed onsite
generation on or after February 15, 2024 that
qualifies for the tariff and for existing
customers transitioning out of the Virtual Net
Energy Metering Tariff (VNEM) or the Net
Energy Metering Aggregation Tariff (NEMA)
following the conclusion and/or termination of
their NEMA legacy period.

Recommendation:

Approve Amendment of the FY 2025-26
Operating Budget, the FY 2025-26 Capital
Budget, and the FY 2026-30 Capital
Investment Plan.
58 Budget Principles for FY 2025-26
Fiscal Responsibility.Continuing to work toward our reserve goals to ensure long-term financial strength.

Organizational Sustainability. Strengthening our internal capacity to support long-term strategy and service delivery.

Stable, Competitive Rates. Maintaining affordability through disciplined operations, long-term procurement and financial foresight.

Programs and Incentives. Scaling Solar Battery Savings and launching the SDREN portfolio to support clean energy adoption, equity and resilience.

Capital Investment Plan. Advancing our Capital Investment Plan to guide program and project development and ensure transparency. 59 Budget Cycle Timeline
July
August-October
November-December
January
February
Operating and
Capital Budgets (CIP)
Implemented
Adopted Operating and
Capital Budgets (CIP)
Monitored
Operating and Capital
Budgets (CIP) Mid-Year
Review
Rate Setting
Operating and Capital
Budgets (CIP) Budget
Amendment
60 Budget Amendment Summary
What is changing in the mid-year amendment?
PowerOn PowerBase
(4.0%) Discount
Largest discount to SDG&E in alignment with
Board Meeting on January 15, 2026.

Customers can save up to 10% on
Electricity Generation.
(10.0%) Discount
Non-Energy
($4.3 million)
Cost savings in the cost categories under the
direct control of Community Power.

Reserves
229-DCOH
Projected to meet reserve target to end
fiscal year 2026 at 229-days cash on hand
61 Proposed FY 2025-26 Amended Budget
Net Revenue
FY 2026
$1,199.6M
Total Expense
$1,016.7M
Net Position
+$182.9M
Net Revenue
$1,175.4M
FY 2026 Amended
Total Expense
$1,025.0M
Net Position
+$150.4M
62 Proposed FY 2025-26 Amended Budget
Net Revenue
FY 2026
$1,199.6M
Total Expense
$1,016.7M
Net Position
+$182.9M
Net Revenue
$1,175.4M
FY 2026 Amended
Total Expense
$1,025.0M
Net Position
+$150.4M
-$24.2 million
Approved rate change,
effective January 1, 2026
+$8.3 million
Higher energy costs, reduced
non-energy costs, and CIP
investment
($32.5 million)
Decrease to net position over
adopted budget
63 Reserves
148 148 142 135 138 137 131
141
159 162
193
203
229 232 228 232 233 231 229
-
50 100
150
200
250
300
12/1/2024
1/1/2025
2/1/2025
3/1/2025
4/1/2025
5/1/2025
6/1/2025
7/1/2025
8/1/2025
9/1/2025
10/1/2025
11/1/2025
12/1/2025
1/1/2026
2/1/2026
3/1/2026
4/1/2026
5/1/2026
6/1/2026
Actual Projected
64 Budget Amendment - Summary
(4.0%)
PowerOn
Discount
Approved 1/15/26
(10.0%)
PowerBase
Discount
Approved 1/15/26
($4.3M)
Non-Energy
Decrease
($0.3M)
CIP Reduction
($32.5)
Net Position
Item FY 2025-2026
Adopted Budget, $M
FY 2025-2026
Amended Budget, $M
Gross Revenue 1,221.0 1,194.8
Less Uncollectible
Accounts (21.4) (19.4)
Net Revenue 1,199.6 1,175.4
Cost of Energy 956.7 969.9
Non-Energy Costs 54.3 50.0
Subtotal Operating
Expense 1,010.9 1,019.9
Interest Income (18.3) (18.3)
Debt Service 1.9 1.5
Capital Investment Plan 22.2 21.9
Total Expense 1,016.7 1,025.0
Net Position 182.9 150.4
+$13.2M
Cost of Energy
Increase
65 Non-Energy Costs
($1.2M)
G&A
($1.5M)
Contract
Negotiations
Item FY 2026 Adopted
Budget, $M
FY 2026 Amended
Budget, $M
General and Administration $5,841,527 $4,647,195
Personnel Costs $21,115,541 $19,609,209
Professional Services $27,295,236 $25,730,841
Total Non-Energy $54,252,303 $49,987,246
66 Personnel
2022 2023
2026
2024 2025 Adopted
2026
Amendment
18 FTE
$4.0m
44 FTE
$7.6m
70 FTE
$11.6m
87 FTE
(6.3 FTE cost recoverable)
$18.6m
94 FTE
(8.0 FTE cost recoverable)
$21.1m
103 FTE
(12.0 FTE cost recoverable)
$19.6m
 Community Power is proposing 9 additional FTEs, 4 are cost recoverable.  Personnel Cost reduced by $1.5M, partly due to Section 218 Agreement. 67 Personnel - CCA Comparison
Department SDCP
Current
SDCP
Proposed MCE AVA CPA 3CE
Power Services 18 18 9 26 15 9
Data Analytics, IT & Customer
Ops. 17 20 26 20 17 11
Public Affairs 12 13 23 11 16 4
Programs 14 16 24 15 10 9
Finance 10 12 5 9 14 6
Legal/Regulatory and Legislative 9 9 14 12 9 7
Executive Team 5 5 3 4 5 4
Operations 5 6 6 2 5 4
Human Resources 4 4 8 4 4 2
Total 94 103 118 103 95 44
Large
Programs
Department
Similar
Customer
Load
68 Budget – CCA Comparison
Community Choice
Aggregator
Years Est.
(JPA eff.

Date)
Customer
Accounts*
Cost of
Energy, $M**
Non-Energy
Costs, $M
Net
Ratepayer
Revenue, $M
Clean Power Alliance Jun 2017 1,069,327 1,207.4 62.7 1,324.3 San Diego Community
Power Oct 2019 963,721 969.9 50.0 1,175.4
Ava Community Energy Dec 2016 748,600 837.0 62.4 895.8
Marin Clean Energy Dec 2008 601,163 765.5 50.3 826.7
Central Coast Community
Energy Mar 2018 514,937 534.8 53.6 578.0
Peninsula Clean Energy Feb 2016 314,174 337.6 54.3 381.1 Clean Energy Alliance Nov 2019 255,627 333.5 13.4 383.1 *Source: CalCCA as of December 2025. CEA includes recent Oceanside and Vista participation through 6/12/2024. **CPA from 6/5/25 Board FY26 approved budget and excludes Customer Programs. SDCP from proposed FY26 budget amendment. Ava from 6/18/25 Board FY26 approved budget. MCE from 3/20/25 Board FY26 approved budget. PCE from FY26 adopted budget. 3CE from FY26 adopted budget. CEA from 6/26/2025 Board approved budget. 69 Public Comment on
Item No. 17
70 Item No. 17
Board Members
Comments or
Questions
Amendment of the FY 2025-
26 Operating Budget, the FY
2025-26 Capital Budget, and
the FY 2026-30 Capital
Investment Plan
Recommendation:

Approve Amendment of the FY 2025-26
Operating Budget, the FY 2025-26 Capital
Budget, and the FY 2026-30 Capital
Investment Plan.
71 Item No. 19
Adopt Resolution No.
2026-04, Authorizing
Execution of the
Application and
Agreement for Social
Security Coverage
Presenter:

Chandra Pugh, Senior Director of People Operations and
Administration
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff and a Net Billing Tariff
Aggregation (NA) for all new customers who
elect this and who have installed onsite
generation on or after February 15, 2024 that
qualifies for the tariff and for existing
customers transitioning out of the Virtual Net
Energy Metering Tariff (VNEM) or the Net
Energy Metering Aggregation Tariff (NEMA)
following the conclusion and/or termination of
their NEMA legacy period.

Recommendation:

Adopt Resolution No. 2026-04, authorizing
execution of the Application and Agreement
for Social Security coverage for employees of
the San Diego Community Power who are
members of the San Diego Community Power
Money Purchase Plan.
72 Social Security Update
Background
Since Community Power’s inception, Community Power and its employees have been contributing to Social Security. In 2021, the organization established a 401(a)retirement plan, under which Community Power contributes an amount equal to 10% of each employee’s salary for the employee’s benefit.

Section 218 Agreement Requirement
To continue participating in Social Security, Community Power is required to have a Section 218 Agreement with the Social Security Administration (SSA) that formally covers its employees. This agreement ensures that employee and employer participation in Social Security is legally recognized and compliant with federal requirements.

Employee Vote & Certification
As part of the Section 218 process, Community Power conducted a formal employee vote on February 6th. •Ballots were distributed to all employees.
•Results of the vote were certified by CalPERS, consistent with state procedures governing Section 218 elections.

Next Steps
•Completion of required documentation to finalize the Section 218 Agreement with SSA. •Begin withholding for eligible Community Power employees upon approval. 73 Public Comment on
Item No. 19
74 Item No. 19
Board Members
Comments or
Questions
Adopt Resolution No. 2026-
04, Authorizing Execution of
the Application and
Agreement for Social Security
Coverage
Recommendation:

Adopt Resolution No. 2026-04, authorizing
execution of the Application and Agreement
for Social Security coverage for employees of
the San Diego Community Power who are
members of the San Diego Community
Power Money Purchase Plan.
75 Item No. 20
Adopt Resolution No.
2026-05, Amending
Inclusive and Sustainable
Workforce Policy, and
also Updating Energy
Proposal Evaluation
Criteria
Presenter:

Andrea Torres, Director of Origination
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff and a Net Billing Tariff
Aggregation (NA) for all new customers who
elect this and who have installed onsite
generation on or after February 15, 2024 that
qualifies for the tariff and for existing
customers transitioning out of the Virtual Net
Energy Metering Tariff (VNEM) or the Net
Energy Metering Aggregation Tariff (NEMA)
following the conclusion and/or termination of
their NEMA legacy period.

Recommendation:

Adopt Resolution No. 2026-05, amending the
Inclusive and Sustainable Workforce Policy to
update workforce commitments for
procurement from new-build renewable
energy and storage project solicitations and
also updating workforce standards for project
evaluation in the Energy Proposal Evaluation
Criteria.
76 Recap: November Workforce Commitment Directive
Staff were directed to analyze current policies and procedures and make recommendations that support stronger workforce commitments in solicitation of proposals and procurement contracts. To the extent feasible, these changes were to include:

1. A quantitative scoring system for workforce commitments

2. Prevailing wage or the federal Davis-Bacon wage in states without a prevailing wage law

3. Use of a skilled and trained workforce under California law, or joint labor-management partnerships or joint apprenticeship and training committees in states without skilled and trained workforce legislation

4. Local hire for projects based in San Diego County

5. Use of union maintenance agreements in operations

6. Additional or modified Project Labor Agreements (PLA) standards, including a PLA requirement on all utility-scale developments that are contracted by Community Power.

7. Staff will negotiate a PLA for all projects developed directly by Community Power to be returned to the Board for review and final approval

8. The use of best value procurement where appropriate
77 Recommended Updates to the Inclusive and Sustainable Workforce Policy (ISWP)
• Enhance information on Community Power’s workforce commitments in solicitations • Codify the utilization of the Energy Proposal Evaluation Criteria (EPEC) tool evaluate new-build long-term contracts with higher rankings given to proposals that meet or exceed targeted workforce standards, including commitments to:
o Prevailing wages or the federal Davis-Bacon wage in states without a prevailing wage law; o Skilled and trained workforce, including graduates of San Diego and Imperial County pre-apprenticeship programs; o Local workforce
o Union maintenance agreements in operations
• Require a PLA for all Utility-Scale (10MW+) solar, wind and battery storage project construction. • For future Community Power-owned solar or battery storage, a commitment to engage San Diego Building & Construction Trades Council, California Unions for Reliable Energy, and stakeholders for input on workforce standards, including PLA commitments that may apply to the project. 78 Energy Proposal Evaluation Criteria (EPEC)
• The EPEC is used to assess proposals
for long-term, wholesale energy
contracts,
• Assessments may reflect specific
goals of targeted procurement,
regulatory or program requirements,
• Evaluation within the following six
areas, each of which are rated high
(A), medium+ (B), medium- (C),
neutral (D) or low (F) and aggregated
for holistic review by Staff before
Board review and approval.

Project
Development
Environmental
Stewardship
Workforce
Standards
Community
Benefits
Project
Location
Quantitative
Value
HIGH (A) MEDIUM+
(B) LOW (F) NEUTRAL (D)

MEDIUM-
(C)
79 Recommended Updates to the EPEC
Proposed Adjustments
• Breakout criteria between Utility-Scale vs Community Scale • Incorporate a PLA requirement for
10+ MW solar, wind and battery
storage
• Allow Community-Scale projects
to receive high ranks by
committing to a PLA or to
prevailing wage and
apprenticeship programs +
minimum thresholds for union
labor and/or local labor.

LEVEL CURRENT

HIGH (A)
The project will meet all objectives of SDCP’s
Inclusive and Sustainable Workforce Policy
with respect to PPAs and commits to
executing a Project Labor Agreement (PLA).

MEDIUM
+ (B)
The project will meet most objectives of
SDCP’s Inclusive and Sustainable Workforce
Policy with respect to PPAs, but will not have a
PLA. Project commits to local hire
commitments near the site of the project and
50% or more union labor.

MEDIUM
- (C)
The project does not meet all objectives of
SDCP’s ISWF Policy but can demonstrate
prevailing wage, skilled and trained workforce,
and local hire commitments or demonstrates it
meets the requirements of the Inflation
Reduction Act (“IRA”)
NEUTRA
L (D)
The project has not yet determined its plan for
workforce development

LOW (F)
The project is not pursuing one or all of the
following: prevailing wage, skilled and trained
workforce, and local hire commitments
80 Recommended Updates to the EPEC
LEVEL PROPOSED: UTILITY-SCALE (10MW +) PROPOSED: COMMUNITY-SCALE (<10 MW)

HIGH (A)
The proposal will meet key objectives of SDCP’s Inclusive and Sustainable Workforce Policy with respect to PPAs and commit to executing a Project Labor Agreement (PLA). Proposals that additionally commit to the use of union maintenance agreements during operations will rank highest. Note:
a PLA is a requirement for Utility-Scale solar, wind and battery storage facilities.
2 The proposal will meet key objectives of SDCP’s Inclusive and Sustainable Workforce Policy with respect to PPAs and commits to either a) executing a PLA or b) prevailing wages and hiring a skilled and trained worforce3 and at least 2 of the following: i) hiring at least 80% local labor, ii) hiring at least 50% union labor, and iii) use of union maintenance agreements during operations.

MEDIUM
+ (B)
The proposal does not commit to a PLA, but will meet most objectives of SDCP’s Inclusive and Sustainable Workforce Policy, including, prevailing wages, hiring a skilled and trained workforce3 and at least 2 of the following: i) hiring at least 80% local labor and ii) hiring at least 50% union labor, and iii) use of union maintenance agreements during operations.

The proposal does not meet the criteria for A, but will meet other objectives of SDCP’s Inclusive and Sustainable Workforce Policy including commitments to prevailing wage, hiring a skilled and trained workforce and at least 1 of the following: i) hiring at least 80% local labor, ii) hiring at least 50% union labor, and iii) use of union maintenance agreements during operations.

MEDIUM
- (C)
The proposal does not meet the criteria for A or B above, but the proposal will meet most objectives of SDCP’s Inclusive and Sustainable Workforce Policy, including prevailing wages, hiring a skilled and trained workforce and at least 1 of the following: i) hiring at least 80% local labor and ii) hiring at least 50% union labor, and iii) use of union maintenance agreements during operations.

The proposal does not meet the criteria for A or B, but will meet other objectives of SDCP’s Inclusive and Sustainable Workforce Policy including commitments to prevailing wage and apprenticeship programs.

NEUTRA
L (D)
The proposal does not meet the criteria for A, B or C above, but will meet many objectives of SDCP’s Inclusive and Sustainable Workforce Policy including commitments to prevailing wage and apprenticeship programs.

The proposal does not make any of the above commitments, however the offeror is a company with an office sited in San Diego County.

LOW (F)
The proposal does not make any of the above commitments. The proposal does not make any of the above commitments, and the offeror is a company with no staff presence in San Diego County. 81 Public Comment on
Item No. 20
82 Item No. 20
Board Members
Comments or
Questions
Adopt Resolution No. 2026-05,
Amending Inclusive and
Sustainable Workforce Policy, and
also Updating Energy Proposal
Evaluation Criteria
Recommendation:

Patrick Welch, Associate Director of Legislative Affairs Aisha Cissna, Senior Policy Manager
Dean Kinports, Senior Strategic Policy Manager
Stephen Gunther, Regulatory Manager
Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff Virtual (NBT-V) and a Net
Billing Tariff Aggregation (NBT-A) for all new
customers who elect this and who have
installed onsite generation on or after
February 15, 2024 that qualifies for the tariff
and for existing customers transitioning out of
the Virtual Net Energy Metering Tariff (VNEM)
or the Net Energy Metering Aggregation Tariff
(NEMA) following the conclusion and/or
termination of their NEMA legacy period.

Recommendation:

Receive and File Regulatory and
Legislative Affairs Update
84 State Legislative Update
• 2026 is the second year of a two-year legislative session. The key legislative deadlines are:
o February 20: Bill introduction deadline
o May 29: House of Origin deadline
o August 31: Final Adjournment
• New Senate President pro Tem and Chair of the Senate
Committee on Energy, Utilities, and Communications
• Governor’s proposed budget was released on January 9 and must be approved by June 15. It projects multi-year, multi-billion deficits • Energy budget proposals:
o $322.5 million for public financing of transmission lines o Funding for expansion of voluntary regional energy
markets and to assess ratepayer impacts of data centers o $200 million in one-time funds for a light-duty electric vehicle incentive program
85 State Legislative Update

1. Accelerating deep decarbonization: support
policies that help reduce harmful pollution,
including making buildings and
transportation cleaner and more electric.

2. Promoting local development: advocate for
investments that bring clean energy jobs and
projects to our region.

3. Stabilizing community choice: work to
protect the ability of local communities to
choose their energy provider.
*Affordability is woven into the core priorities
Community Power legislative priorities
• Staff monitors bill introductions and
amendments throughout the year
o Roughly 1,800 were introduced; we are
currently reviewing 126 of them
o Bills can be amended an unlimited number
of times during the year
• In alignment with the Board approved Policy
Platform, staff works with internal subject
matter experts to determine a position, if any
• Positions are reported to the CAC and Board,
and posted to an online bill tracker
https://sdcommunitypower.org/legislative-priorities/
Community Power bill review process
86 State Legislative Update
• Three focus areas for the 2026 California Community
Choice Association Lobby Day:

1. Power charge indifference adjustment (PCIA)
education and issue identification
Support AB 1761 (Rogers)

2. Hourly load obligation trading for resource
adequacy could save ratepayers up to $179 million
Support SB 1138 (Padilla)

3. The importance of funding for local, community-driven energy efficiency and electrification programs, such as those to be offered by the San
Diego Regional Energy Network
89 General Energy Efficiency Oversight
Date Item
5/19/25 Comments on scope of proceeding
9/5/25 2026-2037 Potential and Goals Study (PGS)
Decision
Q4 2025-Q1 2026 Staff Proposal on Viable Electric
Alternatives Policy, Comments, Decision
Q4 2025-Q1 2026 Workshop on Multifamily Sector Programs and Policy, Comments, Decision
3/16/26 Portfolio Administrators File 2028-2031
Program Portfolios and 2028-2035 Business
Plan Applications
Q4 2025-Q2 2026 CCA Elect-to-Administer Budgets and Policy Ruling, Comments, PD
Policy Platform
Priority
Equitably accelerate
deep decarbonization,
including electrification
of buildings.
90 • ddddjjj
General Energy Efficiency Oversight: Viable Electric Alternatives In December 2025, the CPUC released a draft proposal on "Viable Electric Alternatives" (VEAs) - electric technologies that can replace gas appliances and pass the CPUC's cost-benefit test. The proposal sets a ten-year plan to phase out ratepayer-funded incentives for most gas measures and redirect funding to electric alternatives.

Community Power Comment Themes
• Supportive of the phase out with refinements.
• The proposed cost-benefit test methodology does not fully account for benefits that matter for equity and hard-to-reach customers.
• One-time electrification costs, like upgrading a panel or wiring, should not count against whether a single appliance is viable.
• The analysis should reflect real customer conditions and use CEC rate projections. • Program Administrators should be allowed to implement full-fledged refrigerant leak detection and recycling programs, but should not be precluded from offering pilots based on their communities' needs.
91 SDG&E Application to Withdraw from Regional Energy Efficiency Date Item
September 2025 Briefs on legal permissibility of withdrawal January-February
2026
Testimony on policy and factual issues
March 2026 Ruling on need for evidentiary hearings
Remaining Schedule if Hearings Aren't Needed
April 2026 Briefs on policy and factual issues
June-July 2026 Proposed decision and vote on all issues Remaining Schedule if Hearings Are Needed
April 2026 Hearings
May 2026 Briefs
July-August 2026 Proposed decision and vote on all issues Policy Platform
Priority
Support initiatives that
increase funding for
energy efficiency and
energy literacy
services.
92 SDG&E Application to Withdraw from Regional Energy Efficiency Community Power and Clean Energy Alliance filed opening testimony on January 15th, and rebuttal testimony on February 18th, specific to the policy and factual merits of SDG&E's application. • ddddjjj
Community Power Testimony Themes
• The application's affordability claims are overstated and don't tell the full story. • When regional EE programs are evaluated fairly, they show strong results contrary to what the application indicates.
• There is still significant opportunity in the region, despite what the application argues. • If SDG&E withdraws, the Commission must carefully consider the risks of compliance gaps.
• SDREN programs are not duplicative of SDG&E's, thus overlap is not a valid argument for withdrawal.
• EE should continue to evolve, not be displaced by load management and DERs. 93 Power Charge Indifference Adjustment (PCIA)
• The PCIA is the ratemaking
mechanism to make investor-owned utilities whole for the long-term energy they
contracted for.
o SDG&E collects costs from
both its bundled customers
and Community Power
unbundled customers.
• The California Public Utilities
Commission (CPUC) opened a
proceeding to review the
methodologies and processes of
the PCIA and Energy Resource
Recovery Account (ERRA).

Track 1
• CalCCA filed an appeal of the Track 1 Decision on the Resource Adequacy (RA) Market Price Benchmark (MPB) methodology. • CalCCA filed Applications for Rehearing of the ERRA Decisions for all three each investor-owned utilities, which implemented the new RA MPB.

Track
2 • Scoping Memo and Ruling issued on February 3rd, 2026. • Narrow Scope: Address the valuation of pre-2019 Renewable Energy Credits (RECs) in the PCIA charges applied to CCA customers.

Track
3 • Intends to address the “broader set of remaining issues.” • Ruling issued on February 20 requesting party input on scope due March 27.
94 Integrated Resource Planning
This Decision addresses a needs assessment performed
by CPUC staff in September 2025, identifying a gap in
capacity required to meet the state’s reliability needs. • The new procurement required is 2,000 MW of net
qualifying capacity (NQC) by 2030, 2,000 MW
NQC in 2031, and 2,000 MW NQC in 2032.
o At least 1/4 of the total obligation must come from
clean firm and/or long-duration storage resources.
o Community Power is responsible for procuring 81
MW NQC each compliance period for a total of
243 MW NQC.
 61 MW of total obligation must be long duration
energy storage and/or clean firm resources by
2032.

On February 26, 2026, the California Public Utilities Commission (CPUC) voted to adopt a Final Decision in the Integrated Resource Planning proceeding.

The Decision also recommends a base case and sensitivity portfolios to be used in the California Independent System Operator (CAISO)’s 2026-2027 Transmission Planning Process. 95 SDG&E Advanced Metering 2.0 Application
SDG&E seeks approval to modernize metering infrastructure with $825M investment Overview of SDG&E’s Proposal and Context
• Current smart meter infrastructure is hitting end-of-life and experiencing increased failures and are approaching obsolescence
• SDG&E requests $825 million for Smart Meter modernization including meter replacements with next generation technology and IT upgrades
• Next generation technology is needed facilitate grid evolution driven by DERs, electrification, and EVs • Smart Meter 2.0 devices offer significant enhancements such as the ability to process and transmit data at much higher frequencies, enabling granular monitoring of electricity usage and grid performance • Proposed investment facilitates advanced analytics, including customer insights, which helps SDG&E better understand and manage demand across the grid
Timeline
• Plan includes IT development in 2026 and deployment of Smart Meter 2.0 starting in 2027 with mass deployment 2028-2030
96 SDG&E Advanced Metering 2.0 Application
Community Power and Clean Energy Alliance filed a joint protest to the application on January 27 and will actively intervene throughout the proceeding to advocate for key policy outcomes tied to any approval.

Community Power’s High-Level Priorities
• Real-Time Data Access: Securing CCA-equivalent real-time data access is vital for Community Power to provide timely and effective services
• Competitive Neutrality and data parity: Ensuring competitive neutrality and data parity promotes fairness among all energy providers.
• CCA Engagement: ensuring meaningful inclusion of CCAs during system development/deployment, customer outreach, and communications plan
Next Steps: The CPUC will issue a draft scoping memo and schedule a prehearing conference to determine the scope and schedule of the proceeding.
97 Public Comment on
Item No. 21
98 Item No. 21
Board Members
Comments or
Questions
Update on Regulatory and
Legislative Affairs
Recommendation:

Receive and File Regulatory and
Legislative Affairs Update
99 Chief Executive Officer Report
100
Board Member Announcements
101
Adjournment
102
Next Regular Community
Power Board Meeting
March 26, 2026
[email protected]

San Diego Community Power Board of DirectorsFebruary 26, 2026

San Diego Community Power Board of Directors
February 26, 2026