MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 19, 2026
SAN DIEGO COMMUNITY POWER
FINANCE AND RISK MANAGEMENT COMMITTEE
Regular Meeting Minutes
March 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 4:05 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; Director of Finance Manglicmot; Senior Strategic Finance Manager/Interim Treasurer Spengler; Rates and Strategy Manager Lu; General Counsel Tyagi; Clerk of the Board Hernandez; and Assistant Clerk of the Board Vences
PLEDGE OF ALLEGIANCE
Director Inzunza 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ITEMS TO BE ADDED, WITHDRAWN, OR REORDERED ON THE AGENDA Assistant Clerk of the Board Vences announced that Item No. 6; Announcement of Public Investment Grade Credit Rating from S&P Global Ratings would be reordered to go before Item No. 2.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 19, 2026
PUBLIC COMMENTS FOR ITEMS NOT ON THE AGENDA
Rob provided public comment.
REGULAR AGENDA
Although Item No. 6 was scheduled to follow Item No. 1 on the agenda, the Chair called Item No. 6, and it was heard at this time.
6. Announcement of Public Investment Grade Credit Rating from S&P Global Ratings Ms. Burns announced Community Power’s public investment grade credit rating from S&P Global Ratings.
Rob provided public comment on Item No. 6.
After Committee Member comments, the staff report acknowledging San Diego Community Power’s publicly issued “A” Issuer Credit Rating with a Stable Outlook from S&P Global Ratings was received and filed.
CONSENT CALENDAR
1. Approve February 19, 2026, Meeting Minutes
There were no public comments on Consent Item No. 1.
Motioned by Director Inzunza and seconded by Vice Chair Suzuki to approve Consent Item No. 1. 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 (continued)
2. Treasurer’s Report for Six-Month Period Ending December 31, 2025 Messrs. Spengler and Dan Delaney, Chandler Asset Management representative, presented the Treasurer’s Report for Six-Month Period Ending December 31, 2025.
Rob provided public comment on Item No. 2.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 19, 2026
After Committee Member comments, the Treasurer’s Report for Six-Month Period Ending December 31, 2025, was received and filed.
3. Recommend Board Adoption of Resolution, Approving the Rate Stabilization Reserve Policy Messrs. Spengler and Lu provided an overview of the proposed Rate Stabilization Reserve Policy.
Rob provided public comment on Item No. 3.
After Committee Member comments, motioned by Vice Chair Suzuki and seconded by Director Inzunza to recommend Board adoption of resolution, approving the Rate Stabilization Reserve Policy.
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
4. Recommend Board Adoption of Resolution, Authorizing San Diego Community Power to Join the California Community Choice Financing Authority as a Founding Member Mr. Spengler provided an overview of the proposed recommendation for Community Power to join the California Community Choice Financing Authority as a Founding Member.
Rob provided public comment on Item No. 4.
After Committee Member comments, motioned by Director Inzunza and seconded by Vice Chair Suzuki to recommend Board adoption of Resolution, authorizing San Diego Community Power (Community Power) to participate as a founding member of the California Community Choice Financing Authority (CCCFA) and approving execution of the CCCFA Joint Powers Agreement. 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. Update on 2026 Projected Community Power Rates
Mr. Lu provided an update of the 2026 Projected Community Power Rates.
MEETING MINUTES – FINANCE AND RISK MANAGEMENT COMMITTEE –COMMUNITY POWER– MARCH 19, 2026 Rob provided public comment.
After Committee Member comments, the 2026 Projected Community Power Rates update was received and filed.
COMMITTEE MEMBER ANNOUNCEMENTS
None.
ADJOURNMENT
The Finance and Risk Management Committee adjourned at 5:16 p.m. to the next regular meeting scheduled for Thursday, April 16, 2026, at 4 pm.
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Sandra Vences
Assistant Clerk of the Board