2 Finance and Risk
Management Committee
Regular Meeting
May 21, 2026
3 Welcome and Call to Order
4 Roll Call
55 6
Land Acknowledgement
7 Jannies Burlingame
Chief Financial Officer
WELCOME NEW CHIEF FINANCIAL OFFICER
8 Items to be Withdrawn or
Reordered on the Agenda
9 Public Comment on non-Agenda Items
10 Consent
Calendar
1. Approve March 19, 2026, Meeting Minutes
11 Public Comment on Consent Calendar
12 Regular
Agenda
2. Treasurer’s Report for Eight-Month Period Ending
February 28, 2026
3. Presentation of Draft FY 2026-27 Operating Budget, FY 2026-27 Capital Budget, and FY 2027-2031 Capital
Investment Plan, and Quarterly Risk Oversight
Committee Report
13 Item No. 2
Treasurer’s Report for
Eight-Month Period
Ending February 28,
2026
Recommendation:
Receive and File Treasurer’s Report
for Eight-Month Period Ending
February 28, 2026.
Presenter:
Jeb Spengler, Associate Director of Strategic
Finance and Procurement/Interim Treasurer
14 Results for the 8-month period ending
February 28, 2026:
• Operating Revenues = 0.8% above budget
• Operating Expenses = 5.0% below budget
Year-to-Date Totals for FY26:
• $906.8M in net operating revenues
• $706.9M in total expenses (including
energy costs of $667.2M)
• $199.9M change in YTD net position
Financial Statement Highlights
Summary of Actual Results vs. Amended Budget
$-
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
$900,000,000
$1,000,000,000
Net Operating Revenues Total Expenses Change in Net Position YTD FY26 Results v. Budget
YTD FY26 as of 2/28/26 (8 months) FY26 YTD Budget
YTD FY26 as of 2/28/26
(8 months) FY26 YTD Budget Budget Variance ($) Budget (%) Net Operating Revenues $ 906,805,702 $ 899,891,000 $ 6,914,702 100.8% Total Expenses $ 706,873,041 $ 747,180,000 $ (40,306,959) 95% Change in Net Position $ 199,932,661 $ 152,711,000 $ 47,221,662 Budget Comparison
15 FY Budget Net Position to Operating Income
-$10M
$M
$10M
$20M
$30M
$40M
$50M
$60M
$70M
8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 Operating Income $33.8M $27.6M $62.4M $17.1M $4.2M $12.1M $5.8M Budget Net Position $32.9M $21.3M $46.8M -$0.1M -$2.1M $8.2M -$2.7M FY Budget Net Position to Operating Income
Operating Income Budget Net Position
16 Reserves
-
50 100
150
200
250
300
Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 3/31/2025 4/30/2025 5/31/2025 6/30/2025 7/31/2025 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 DCOH 134 137 136 130 139 157 161 191 201 229 228 227
Maximum 270 270 270 270 270 270 270 270 270 270 270 270 Target 225 225 225 225 225 225 225 225 225 225 225 225
Minimum 180 180 180 180 180 180 180 180 180 180 180 180 Days Cash on Hand (DCOH)
DCOH
Maximum
Target
Minimum
17 Reserves and Total Liquidity
Reserves are defined as unrestricted cash, cash equivalents, and investments unencumbered by legal agreements and not earmarked for specific purposes.
Unrestricted Cash
$ 446,539,605
71%
Investments (Current),
$ 84,643,429
13%
Investments (Non-Current)
$ 103,686,264
16%
RESERVES
$ 634,869,298 $ 223,000,000
$M $200M $400M $600M $800M $1000M
2/28/2026
LIQUIDITY
Total Cash & Investments Credit Agreement
18 FY26 Year-To-Date Investment Income
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
8/1/2025 9/1/2025 10/1/2025 11/1/2025 12/1/2025 1/1/2026 2/1/2026 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 Accumulated Investment Income 2,467,988 3,551,532 4,842,114 6,521,057 8,205,810 10,120,219 12,911,528 Monthly Investment Income 1,725,303 1,083,544 1,290,582 1,678,943 1,684,753 1,914,409 2,791,309
INVESTMENT INCOME
Accumulated Investment Income
Monthly Investment Income
19 Participation by Jurisdiction
20 Public Comment on
Item No. 2
21 Item No. 2
Committee Members
Comments or
Questions
Treasurer’s Report for Eight-Month Period Ending February 28, 2026
Recommendation:
Receive and File Treasurer’s Report for
Eight-Month Period Ending February 28,
2026.
22 Item No. 3
Presentation of Draft FY
2026-27 Operating Budget,
FY 2026-27 Capital Budget,
and FY 2027-2031 Capital
Investment Plan, and
Quarterly Risk Oversight
Committee Report
Recommendation:
Receive and File Draft FY 2026-27
Operating Budget, FY 2026-27 Capital
Budget, and FY 2027-2031 Capital
Investment Plan, and Quarterly Risk
Oversight Committee Report.
Presenters:
Karin Burns, Chief Executive Officer
Gordon Samuel, Chief Commercial Officer
Lucas Utouh, Senior Director of Data Analytics and Customer Operations
Tim Manglicmot, Senior Director of Finance and Risk
Colin Santulli, Senior Director of Programs
Jen Lebron, Senior Director of Public Affairs
Patrick Welch, Associate Director of Legislative Affairs 23 Budget Overview
Formed in
October 2019
Expense Budget: zero
First Board meeting
CCA Ordinances, CPUC
Implementation Plan
2019 2020
Expense Budget: $3.3M
FY20 Net Loss: $ (1.1M)
2021
Expense Budget: $33.8M
FY21 Net Loss: $ (14.0M)
Implementation
and Start-Up
SDCP Becomes
Official Electricity
Provider for First 5
Cities 2022
Expense Budget: $341.2M
FY22 Net Income: $56.6M
SD County and
National City
2023
Community Power’s first four years were
defined by stable enrollment and scaling
effectively within the agency’s startup phase.
Full
Enrollment –
First 5 Cities
FY22 Reserves: $57.0M FY20 Reserves: $0.3M FY21 Reserves: $1.7M FY19 Reserves: zero
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 24 Budget Overview
SD County
and National
City
2023
Expense Budget: $772.1M
FY23 Net Income: $143.5M
2024
All Enrollment Complete
Expense Budget: $1.1B
FY24 Net Income:
$189.4M
2025
2 nd Year Full Enrollment
3 rd Year Full Enrollment
Expense Budget: $1.2B
FY25 Net Income:
$100.8M
2026
Expense Budget: $1.0B
FY26 Net Income:
$150.4M
4th Year Full Enrollment
2027
Expense Budget: $0.9B
FY26 Net Income:
$3.1M
Community Power’s last four years are
defined by budget stability, managing
volatility, and maintaining affordability
for customers.
FY25 Reserves:
$362.7M
FY26 Reserves:
$675.0M
FY27 Reserves:
$707.1M FY24 Reserves:
$300.9M
FY23 Reserves: $65.7M
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 25 Budget Cycle Timeline
February
March
April
May
June
Develop Operating Revenue
Estimate
Develop Operating Expense
Estimate
Internal budget planning and
priorities
Staff develop operating
budgets
Staff continue to develop
operating budgets
Baseline budget is developed
Finance and Risk
Management Committee
Review
Community Power Board
Review
Community Advisory Committee
Review
Finance and Risk Management
Committee Review
Community Power Board
Approval
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 26 Budget Priorities
Fiscal Responsibility.Maintain a fiscally responsiblebudget in accordance with Community Power Budget Policy.
Sufficient Funding. Ensure sufficient funding to meet procurement needs, sustain operational needs and support sustained growth while delivering clean energy to the communities we serve.
Building Community Power Reserves and develop policies that consider future economic conditions.
Understandable and Transparent. Provide an understandableand transparent operating budget for internal and external users.
People and Community. Develop a budget that will ultimately prioritize people and our communities.
Informed. Keep the Community Power Board of Directors and staff informed of Community Power’s fiscal condition.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 27 FY 2026-2027 Operating Budget
Item
FY 2025-2026
Amended Budget,
$M
FY 2026-2027
Proposed Budget,
$M
Gross Revenue 1,194.8 932.8
Less Uncollectible Accounts (19.4) (14.0)
Net Revenue 1,175.4 918.8
Cost of Energy 969.9 872.3
Non-Energy Costs 50.0 56.5
Subtotal Operating Expense 1,019.9 928.9
Interest Income (18.3) (23.1)
Debt Service 1.5 1.9
Capital Investment Plan 21.9 8.0
Total Expense 1,025.0 915.7
Net Position 150.4 3.1
(4.0%)
PowerOn
Discount
Jul to Dec 2026
Parity
PowerOn
Jan to Jun 2027
($97.6M)
Cost of Energy
Decrease
+$6.5M
Non-Energy
Increase
+$3.1M
Net Position
+$8.0M
CIP Contribution
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 28 Reserve Projections using FY 2025-2026 Operating Expenses $0.0M
$100.0M
$200.0M
$300.0M
$400.0M
$500.0M
$600.0M
$700.0M
$800.0M
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
FYE 2026-2027
255-DCOH
Projected FYE 2026-27 Reserve
Balance using FY26
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 29 $0.0M
$100.0M
$200.0M
$300.0M
$400.0M
$500.0M
$600.0M
$700.0M
$800.0M
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
Reserve Projections using FY 2026-2027 Operating Expenses 278-DCOH
Projected FYE 2026-27 Reserve
Balance
FYE 2026-2027
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 30 Risks to Community Power Stability
1. Revenue (Load, Participation)
2. Expense (Energy, Operations, Litigation)
3. Other (Cybersecurity, Force Majeure)
Bottom-Up Risk Analysis
Category Risk Estimate of Adverse Outcome
Market Price Benchmark Volatility* PCIA & Generation Rate “SNAPBACK” $420 million Energy Costs* Wholesale, Load and Open Position Volatility $245 million Load* Participation Rate Drops to 86% $51 million
Uncollectibles* Increase in uncollectibles to 5% $36 million Prepay Savings Loss Prepay savings loss to unforeseen event $12 million Operations Legal Loss $5 million
Operations Force Majeure or Cybersecurity Event $2 million Total $771 million
(Approx. 278 DCOH)
* Risk categories may fluctuate marginally due to changes in market conditions Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 31 Risks to Community Power Stability
1. Revenue (Load, Participation)
2. Expense (Energy, Operations, Litigation)
3. Other (Cybersecurity, Force Majeure)
Bottom-Up Risk Analysis
Category Risk Estimate of Adverse Outcome
Market Price Benchmark Volatility* PCIA & Generation Rate “SNAPBACK” $420 million Energy Costs* Wholesale, Load and Open Position Volatility $245 million Load* Participation Rate Drops to 86% $51 million
Uncollectibles* Increase in uncollectibles to 5% $36 million Prepay Savings Loss Prepay savings loss to unforeseen event $12 million Operations Legal Loss $5 million
Operations Force Majeure or Cybersecurity Event $2 million Total $771 million
(Approx. 278 DCOH)
* Risk categories may fluctuate marginally due to changes in market conditions PCIA and Generation Rates
comprise Community Power’s
biggest risk
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 32 PCIA Deep Dive – Renewables Example
SDG&E 2025 PCC1 Price: $70.00/MWh
CPUC 2025 Forecast MPB: $71.24/MWh
$70.00 - $71.24 = ($1.24)
2024 2025 2026
SDG&E 2026 PCC1 Price: $70.00/MWh
CPUC 2026 Forecast MPB: $62.45/MWh
$70.00 - $62.45 = $7.55/MWh
SDG&E 2025 PCC1 Price: $70.00/MWh
CPUC 2025 Actual MPB: $63.86/MWh
$71.24 – $63.86= $7.38/MWh
$71.24 – $63.86= $7.38/MWh
PABA true-up
$70.00 - $62.45 = $7.55/MWh
ERRA forecast
* Illustrative example of calculating PCIA
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 33 * Illustrative example of calculating PCIA
PCIA Deep Dive – Example
2024 2025 2026
Forecast
(Energy Resource Recovery Account)
True-Up
(Portfolio Allocation Balancing Account)
PCIA
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 34 Predicting Market Volatility
Storage
Weather
Financial
Storage
Weather
Weather/
Storage
PCIA
Snapback
Period of high energy prices falling to low
energy prices
Stable
Reserves
Period of stable energy prices
Reserve
Build
Period of low energy prices building to high
energy prices
Weather
Stable
Reserves
Reserve
Build
PCIA
Snapback
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 35 Predicting Market Volatility
Storage
Weather
Financial
Storage
Weather
Weather/
Storage
PCIA
Snapback
Period of high energy prices falling to low
energy prices
Weather
PCIA
Snapback
Last year, CPUC projected high Energy,
RA, and RPS prices in 2026. These
energy prices have decreased down
significantly.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 36 $0.0M
$100.0M
$200.0M
$300.0M
$400.0M
$500.0M
$600.0M
$700.0M
$800.0M
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
Reserve Projections
278-DCOH
Projected FYE 2026-27 Reserve
Balance
FYE 2026-2027
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 37 $-
$20.00
$40.00
$60.00
$80.00
2024 2025 2026 CPUC
Projected
2026 SDCP
Projected
Forward Energy Curve Projections
$-
$20.00
$40.00
$60.00
$80.00
2024 2025 2026 CPUC
Projected
2026 SDCP
Projected
$-
$20.00
$40.00
$60.00
$80.00
2024 2025 2026 CPUC
Projected
2026 SDCP
Projected
Resource
Adequacy
Flat in 2026
Renewables
Down in 2026
Base Load
Down in 2026
Renewables
RPS CPUC MPB
Resource adequacy
RA system CPUC MPB
Base load energy
Index on-peak CPUC MPB
Lower revenue due to high PCIA and
low rates.
Resource adequacy forward
prices remainrelatively flat from
CPUC projections.
Lower revenue due to high
PCIA and low rates.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 38 Projected Generation and PCIA Rates
* Illustrative example of generation rates using TOU-DR1 and PCIA using Vintage 2021 residential 2026 SDCP Gen Rate 0.1687 $/kWh
PCIA 0.036
$/kWh
4% SDCP Discount
SDG&E Rate
0.176 $/kWh
2027 Projected SDCP Gen Rate 0.0904 $/kWh
PCIA 0.045
$/kWh
4% SDCP Discount
SDG&E Rate
0.141 $/kWh Current projections show higher
PCIA and lower rates in
calendar year 2027, significantly
shrinking SDCP net revenue.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 39 Cost of Energy Projections – Key Drivers
Resource
Adequacy
Flat in 2026
Renewables
Down in 2026
Base Load
Down in 2026
Lower cost of energy due to lower
VAMO costs.
Resource adequacy forward prices
remainrelatively flat from CPUC
projections.
Lower cost of energy due to open
positions closed at lower prices.
Significant volumes of Renewable Resources in
CY 2026 and CY 2027 from SDG&E from
VAMO contract.
Forecasted PCC1 at $62.45/MWh in 2026 per
CPUC on 10/1/25.
Current PCC1 at ~$10.00/MWh thru 4/30/26.
VAMO
Open positions still remain in CY 2027.
Forecasted On-Peak at $39.90 and Off-Peak
at $48.48 per CPUC on 10/1/25.
Current On- and Off-Peak prices have
decreased substantially and open positions
projected to be closed with lower pricing.
Energy
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 40 What might happen in 2027?
Stress Test Scenario
1. Energy prices drop to SDCP
estimated low-energy price
projections, or
2. Energy prices increase to SDCP
estimated high-energy price
projections
Risk
Register
Risk
Assessment
Risk
Mitigation
Stress
Test
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 41 Reserve Projections
$0.0M
$200.0M
$400.0M
$600.0M
$800.0M
$1000.0M
$1200.0M
$1400.0M
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
CYE 2027
156-DCOH
Low-Price CYE27 Reserve Balance
455-DCOH
High-Price CYE 27 Reserve Balance
Projections trending toward
low-price stress test and may
dip below 180-DCOH
minimum reserve level.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 42 Reserve Projections
$0.0M
$200.0M
$400.0M
$600.0M
$800.0M
$1000.0M
$1200.0M
$1400.0M
01/01/26
02/01/26
03/01/26
04/01/26
05/01/26
06/01/26
07/01/26
08/01/26
09/01/26
10/01/26
11/01/26
12/01/26
01/01/27
02/01/27
03/01/27
04/01/27
05/01/27
06/01/27
07/01/27
08/01/27
09/01/27
10/01/27
11/01/27
12/01/27
CYE 2027
156-DCOH
Low-Price CYE27 Reserve Balance
455-DCOH
High-Price CYE 27 Reserve Balance
Too early to forecast CY 2027
and will have much more
visibility in October 2026.
Overview Departments Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Too Early
CY27 Forecast
CPUC
MPBs
RSR
Determination
43 Budget – Non-Energy Costs
Budget Changes by Category
Professional Services
Personnel
Marketing and Outreach
General and
Administrative
Professional Services remains relatively even. FY 2026
$23.4m
FY 2027
$23.9m
Recruitment strategy of 5 new staff. Current
staffing: previously authorized. (103)
FY 2026
$19.6m
FY 2027
$24.1m
Marketing and Outreach budget slightly
Increased.
FY 2026
$2.3m
FY 2027
$2.4m
Increase as Community Power has scaled in
staffing.
FY 2026
$4.6m
FY 2027
$6.1m
Capital Transfer Continued Solar Battery Savings proposed funding of $8.0 million.
FY 2026
$21.9m
FY 2027
$8.0m
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 44 Personnel
2022 2023 20262024 2025
2027
Proposed
18 FTE
$4.0m
44 FTE
$7.6m
70 FTE
$11.6m
87 FTE
(6.3 FTE cost recoverable)
$18.6m
103 FTE
(12.0 FTE cost recoverable)
$19.6m
108FTE
( 13.0FTE cost recoverable)
$24.1m
Community Power is proposing 5 additional FTEs, 1 is cost recoverable. Personnel increase of $4.5M for staff asks and hiring annualized from last year. Budget includes $1.2 million in overhead recovery from external funding.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 45 Personnel - CCA Comparison
Department SDCP
Current
SDCP
Proposed MCE AVA CPA 3CE
Power Services 16 17 15 26 15 10
Data Analytics, IT & Customer Ops. 21 22 32 20 17 11
Public Affairs 12 14 18 11 16 3
Programs 16 17 21 15 10 6
Finance 13 13 4 9 14 7
Legal/Regulatory and Legislative 8 8 14 12 9 8
Executive Team 5 5 4 4 5 5
Operations 8 8 11 2 5 4
Human Resources 4 4 7 4 4 2
Total 103 108 126 103 95 56
Large
Programs
Department
Similar
Customer
Load
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 46 Capital Budget – Overhead Support
Category SDCP
Current
SDCP
Proposed MCE AVA CPA 3CE
Core Staff Operations 80 84 96 82 81 48
Programs Staff 16 17 21 15 10 6
Overhead Staff Support 7 7 9 6 4 2
Total FTE Positions 103 108 126 103 95 56
Community Power has similar staffing levels to most other large CCAs for core operations.
However, Community Power has more Programs staff given the agency has more outside funding most notably for the SDREN.
Assumes a 44.9% overhead rate for Programs.
For illustrative purposes only
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 47 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 969,072 872.3 56.5 918.8 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.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 48 CIP Highlights
SD Regional Energy Network. In partnership with the County of San Diego, SDREN generates nearly $125 million in energy efficiency resources for the region through 2027 and marks the final major population area in California to establish a Regional Energy Network.
Solar Battery Savings.$3.5M investment to fund Upfront and performance-based incentives for home battery systems that boost resilience and reduce grid demand during peak hours.
Pilot Programs. $2.5 million to support Customer Pilot Programs which represent small-scale, short-duration projects that can provide Community Power and stakeholders data on program design, technology acceptance and other information helpful for broader program delivery.
Distributed Energy Resources Management Systems Software Platform (DERMS). $1.5 million will support the Distributed Energy Resources Management Systems Software Platform to support the organization’s Flexible Load Strategy Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 49 Capital Budget and CIP
Carryforward FY27 FY28 FY29 FY30 FY31 Total
External Funding
Regional Energy Network - 63.1 51.4 42.0 43.7 45.5 245.7 DAC-GT 0.3 0.3 - - - - 0.6
CDFA 0.7 - - - - - 0.7
Equitable Building Decarbonization 1.4 - - - - - 1.4
Programs Evaluation 0.7 - 0.7
Total External Funding 3.1 63.4 51.4 42.0 43.7 45.5 249.1 Internal Funding
Solar Battery Savings 10.8 3.5 10.4 8.3 8.5 7.6 49.1
Pilot Programs 1.8 2.5 - - - 4.3
Grants 1.3 - - - - - 1.3
Flexible Load 0.5 1.5 - - - - 2.0
IT Projects 3.2 0.2 - - - - 3.4
Program Evaluation 0.3 0.3 - - - - 0.6
Application Assistance 0.3 - 0.3 - - 0.3 0.9
Total Internal Funding 18.2 8.0 10.7 8.3 8.5 7.9 61.6
Total CIP Expenses 21.30 71.40 62.10 50.30 52.20 53.40 310.70 Appropriated in
prior fiscal years
Proposed Capital
Budget
Proposed Capital
Investment Plan
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 50 Capital Budget Appropriations
Carryforward FY27 Authorized
Budget
FY27 Proposed
Appropriation
Operating Transfer In 18.2 8.0
Regional Energy Network - 63.1 -
DAC-GT 0.3 0.3 -
CDFA 0.7 - -
Equitable Building Decarbonization 1.4 - -
Other 0.7 -
Total 21.3 63.4 8.0
Funded through
the operating
budget
Authorized through
previous Board
action
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 51 Capital Budget Growth
4.2 19.4
55.4 71.4
FY24 FY25 Amended FY26 Amended FY27 Proposed
Capital Budget
FY2026-27 continues a trend of steady
growth in the Capital Budget, driven largely
by revenue derived by external sources such
as the San Diego Regional Energy Network.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 52 Capital Budget – Overhead Support
Category SDCP
Current
SDCP
Proposed MCE AVA CPA 3CE
Core Operations 80 84 96 82 81 48
Programs 16 17 21 15 10 6
Overhead Support 7 7 9 6 4 2
Total FTE Positions 103 108 126 103 95 56
For illustrative purposes only
Community Power has similar staffing levels to most other large CCAs for core operations.
However, Community Power has more Programs staff given the agency has more outside funding most notably for the SDREN.
Assumes a 44.9% overhead rate for Programs.
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 53 Reductions
Power Services
• Scheduling coordinator (↓ $131K)
Investments
• Storage optimization (↑ $695K )
• Load Forecasting (↑ $25K)
• Load Forecast Manager (+1 FTE)
• Purchasing power on behalf of our customers has the largest budget impact
• We strive to provide cleaner, reliable, competitively-priced electricity
• Budget priorities remain consistent:
o Managing risk through diversified procurement strategies o Maintaining compliance at the lowest feasible cost
o Using improved forecasting and analytics
54 Personnel-Related Adjustments
Operations
• Healthcare (↑ $577K)
• Accrued PTO (↑ $520K)
• Retirement contributions (↑ $294K)
Externally Funded
• Cost-recoverable salaries (↓ $1.18M)
• Ensures Community Power functions effectively and
efficiently across all departments
• Drives implementation of strategic objectives through coordination and operational excellence
• Oversees governance, administrative systems and policy development
• Leads engagement with customers and stakeholders
55 Reductions
IT, Data Analytics and Customer Operations
• Data management (↓ $906K )
• SDG&E service fees (↓ $379K)
• Printing (↓ $104K)
Investments
• AI managed services (↑ $200K)
• Direct access managed services (↑ $160K)
• Rates Analyst (+1 FTE)
• Serves two distinct but functions: IT and Data Analytics and Customer Operations
• Provides reliable, data-driven tools for internal staff and customers
• Focuses on billing accuracy, customer communication,
operational efficiency, and secure and resilient systems. 56 Reductions
Regulatory & Legislative Affairs
• Federal lobbyist contract not renewed (↓ $90K)
Investments
• Regulatory counsel (↑ $80K)
• Monitors and influences policy impacting operations and customers
• Supports regulatory compliance and agency-wide
understanding
• Works with CalCCA and statewide partners
• Protects affordability, reliability and local control 57 Programs
• Designs initiatives to reduce customer bills, increase resilience and expand access to clean energy
• Second-largest investment area after Power Services
• Focus on equity, scalability and customer impact
• Program design guided by the Community Power Plan,
member agency Climate Action Plans, and state and federal policy
58 Investments
Programs — Budget Changes
• Solar + storage incentives (↑ $3.53M)
• DERMS platform ↑ $1.5M
• Pilot programs (↑ $1.9M)
• Bring Your Own Device pilot (↑ $600K)
• EV load study (↑ $250K )
• Senior Program Associate (+1 FTE)
Externally Funded
• San Diego Regional Energy Network ($63M, cost-recoverable) 59 Investments
Public Affairs
• Strategic Communications & Outreach (↑ $116K)
• Community Engagement Manager (+1 FTE)
Externally Funded
• SDREN Outreach Associate (+1 FTE, cost-recoverable)
• Connects Community Power with the communities it serves • Supports all departments across the organizations
• Strategic communications, marketing and community
engagement drive outreach and transparency
• Renamed budget item to “Strategic Communications and
Outreach” to better reflect priorities and day-to-day focus 60 Proposed Actions
Operating Budget
Proposed Board Action
Capital Budget Capital Investment Plan
(FY27-FY31)
Operating Budget
Receive and file the FY2026-27
Operating Budget, which incudes net
revenues of $918.8M and total
expenses of $915.7M for a total
increase in net position of $3.1M
Capital Budget
Approve, as part of the operating budget,
an $8M transfer from operations to
support the FY2026-27 capital budget.
This supplements $63.4 M in authorized
external funding for a capital budget of
$71.4M
Capital Investment Plan
Approve and file the FY2026-2031
Capital Investment Plan which projects
a total investment of $310.7M over
the 5-year outlook period.
Net Revenue: $918.8M
Total Expense: 915.7M
Net Position $3.1M
Operating Transfer $8M
Authorized Budget 63.4M
FY27 Capital Budget $71.4M
External Funding $249.1M
Internal Funding 61.6M
CIP $310.7M
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 61 Public Comment on
Item No. 3
62 Item No. 3
Committee Members
Comments or
Questions
Presentation of Draft FY 2026-
27 Operating Budget, FY 2026-
27 Capital Budget, and FY 2027-
2031 Capital Investment Plan,
and Quarterly Risk Oversight
Committee Report
Recommendation:
Receive and File Draft FY 2026-27
Operating Budget, FY 2026-27 Capital
Budget, and FY 2027-2031 Capital
Investment Plan, and Quarterly Risk
Oversight Committee Report
63 Committee Member Announcements
64 Adjournment
65 Next Regular Finance and
Risk Management
Committee Meeting
June 18, 2026
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