Presentation — San Diego Community Power Board of Directors, May 28, 2026

1 The May 28, 2026, Regular
Meeting of the Board of
Directors
will Begin Shortly
[email protected]
2 Board of Directors
Regular Meeting
May 28, 2026
3 Welcome and Call to Order
4 Roll Call
5 CLOSED SESSION

1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION PURSUANT TO GOVERNMENT CODE SECTION 54957
Title: Chief Executive Officer

2. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6 Agency designated representative: General Counsel
Unrepresented employee: Chief Executive Officer

3. PUBLIC EMPLOYEE PERFORMANCE EVALUATION PURSUANT TO GOVERNMENT CODE SECTION 54957
Title: General Counsel

4. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6 Agency designated representative: Assistant General Counsel Unrepresented employee: General Counsel
6 Public Comment on Closed Session
7 CLOSED SESSION IN PROGRESS

OPEN SESSION WILL RESUME SOON
8 Call to Order - Open Session
9 Roll Call
10 Report on Closed Session
1111
12 Land Acknowledgement
13 Special Presentations and Introductions
14 Jannies Burlingame
Chief Financial Officer

WELCOME NEW STAFF
15 Items to be Withdrawn or
Reordered on the Agenda
16 Public Comment on non-Agenda Items
17 Consent
Calendar

1. Approve April 23, 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 Nine-Month Month Period Ending February 28, 2026

9. Adopt Resolution No. 2026-08, Appointing Chief Financial Officer, Jannies Burlingame as San Diego Community Power’s Treasurer, and authorize execution of a bond in the amount of $1,000,000 18 Public Comment on Consent Calendar
19 Regular
Agenda

10. Presentation of Draft of FY 2026-2027 Operating Budget, FY 2026-2027 Capital Budget, and FY 2027-2031 Capital
Investment Plan, and Quarterly Risk Oversight Committee Report

11. Update on Regulatory and Legislative Affairs
20 Item No. 10
Presentation of Draft of FY
2026-2027 Operating Budget,
FY 2026-2027 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 Recommendation:

Receive and File preliminary draft FY 2026-27
Operating Budget, FY 2026-27 Capital Budget,
and FY 2027-2031 Capital Investment Plan,
and Quarterly Risk Oversight Committee
Report.
21 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 22 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
FY27 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 23 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 24 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 25 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
Year-Over-Year
Rate Reduction Anticipated
Jan to Jun 2027
($97.6M)
Cost of Energy
Decrease
+$6.5M
Non-Energy
Increase
+$3.1M
Net Position
($13.9M)
Lower CIP
Contribution
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 26 Risks to Community Power Stability

1. Revenue (Load, Participation)

2. Expense (Energy, Operations, Litigation)

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 28 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 29 * 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 30 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 31 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 32 $-
$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 33 Projected Generation and PCIA Rates
* Illustrative example of generation rates using TOU-DR1 and PCIA using Vintage 2021 residential 2026 SDCP Gen Rate 0.169 $/kWh
PCIA 0.036
$/kWh
4% SDCP Discount
SDG&E Rate

0.176 $/kWh
2027 Projected SDCP Gen Rate 0.096 $/kWh
PCIA 0.045
$/kWh
SDG&E Rate

0.141 $/kWh
Current projections show higher
PCIA and lower rates in
calendar year 2027, significantly
shrinking net revenue.

Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 34 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 35 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 36 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
37 Reserve Strategies
Overview Departments Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget In calendar year 2026, we saw two
contrasting PCIA Snapback
strategies within the PG&E territory. Reserve Draw Strategy  Use 160-DCOH or
$117 million in reserves
 Only 1% Premium to
PG&E
Rate Increase Strategy
 No usage of reserves to
preserve cash
 31% Rate Premium to
PG&E
PCIA
Snapback
Strategies
38 $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 30 to 50
DCOH
FY26 Deferral to RSR
39 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 for new staff, full-year salary impacts from previously hired staff. (103 employees).

FY 2026
$19.6m
FY 2027
$24.1m
Category consolidated multiple past line items
into “Strategic Communications and Outreach”
category. No year-over-year change to total.

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 and additional pilot programs 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 *Marketing and Outreach category consolidated legacy budget line items and was renamed in the FY 2026-2027 budget to Strategic Communications and Outreach. 40 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
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments *Nine of the 103 approved positions are currently unfilled. 41 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 significantly more outside funding for SDREN, Equitable Building Decarbonization and Solar Advantage (DAC-GT).
 Community Power manages a larger energy efficiency portfolio with lower staffing numbers compared to other CCAs.
 Public purpose program funding and the California Energy Commission pays for the equivalent of 18 FTE in this proposed budget.

For illustrative purposes only
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 42 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 43 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 44 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 45 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 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 significantly more outside funding for SDREN, Equitable Building Decarbonization and Solar Advantage (DAC-GT).
 Community Power manages a larger energy efficiency portfolio with lower staffing numbers compared to other CCAs.
 Public purpose program funding and the California Energy Commission pays for the equivalent of 18 FTE in this proposed budget.

For illustrative purposes only
Overview Reserves ROC Review Non-Energy Costs Personnel CIP & Capital Budget Departments 47 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
48 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
49 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 related 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. 50 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 51 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
52 Investments
Programs — Budget Changes
• Solar + storage incentives (↑ $3.53M)
• DERMS platform (↑ $1.5M)
• 3-year pilot programs (↑ $2.5M)
• EV load study (↑ $250K )
• Senior Program Associate (+1 FTE)
Public Purpose Program Funded
• San Diego Regional Energy Network ($63M, cost-recoverable) 53 Investments
Public Affairs
• Community Engagement Manager (+1 FTE)
Public Purpose Program 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 54 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 55 Public Comment on
Item No. 10
56 Item No. 10
Board Members
Comments or
Questions
Presentation of Draft of FY 2026-
2027 Operating Budget, FY 2026-
2027 Capital Budget, and FY 2027-
2031 Capital Investment Plan, and
Quarterly Risk Oversight Committee
Report
Recommendation:

Patrick Welch, Associate Director of Legislative Affairs Aisha Cissna, Senior 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 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:

Receive and File Regulatory and Legislative
Affairs Update
58 State Legislative Update
• Monitoring and analyzing ̴147 bills using Community Power’s Board approved Policy Platform
• Supporting nine (9) bills and opposing two (2)
• Status update on several key bills:
o AB 1761 (Rogers): helps mitigate Power Charge Indifference Adjustment (PCIA) volatility through improved transparency  Support
 Sponsored by the California Community Choice
Association
o SB 1138 (Padilla): achieves ratepayer savings through hourly trading of resource adequacy load
 Support
 Sponsored by the California Community Choice
Association
o AB 2508 (Hoover): would have eliminated Public Purpose Program charges which is the funding mechanism for SDREN  Oppose
59 Federal Update
• Community Power joined CCAs from Ohio, Massachusetts, New Hampshire, and other California CCAs during a Washington DC advocacy event from April 20-22
• The focus was meet with leaders on Capitol Hill to introduce and educate them about the CCA model and to highlight very high-level policy priorities • Community Power staff participated in the following meetings:
o Advisors to Commissioners of the Federal Energy Regulatory Commission
o The Office of Electricity in the U.S. Department of Energy o Staff to the Senate Energy & Natural Resources Committee, the House Ways & Means Committee, and the House Energy
& Commerce Committee
o The energy advisor to the House Minority Leader
o The offices of Representatives Scott Peters and Mike Levin • Other CCA staff met with the Office of the Senate Minority Leader, as well as various other congressional offices
60 SDG&E Application to Withdraw from Regional Energy Efficiency SDG&E and Public Advocates
Settlement Agreement
• Filed 5/1
• Would allow SDG&E to
withdraw from regional energy
efficiency administration, including
from regional codes and standards
• Would condition future SDREN
program funding and expansion on
performance metrics that fail
to accurately account for
the benefits customers receive from
regional energy efficiency
61 SDG&E Application to Withdraw from Regional Energy Efficiency Community Power's Interests
• Settlement comments due 6/1
(1) Protect long-term funding for SDREN and continuity of EE and decarbonization services for San Diegans (2) We do not oppose SDG&E’s withdrawal but disagree with the basis of the withdrawal: that regional energy efficiency is bad for affordability and that regional energy efficiency programs do not provide sufficient benefits to customers.
(3) We oppose a settlement that could limit SDREN’s budget and ability to fill gaps left by SDG&E should their withdrawal be approved.
• If withdrawal is approved, SDREN plans to file a new BPA with innovative programming to fill gaps left by SDG&E.
62 2028-2035 Consolidated Business Plan Application (BPA) Proceeding • SDREN has requested $175M to
continue regional programs from
2028-2031
• The proceeding will
determine both future funding
and major program policies
• Decisions will shape how regional
EE and electrification programs
operate statewide
Why This Matters
Key Milestones
Date Milestone
April 15,
2026
CPUC Consolidated BPAs into a
Single Proceeding for Deliberation
May 2026 Comments on Proceeding Scope
Filed
June/July
2026
Ruling Setting Scope and Schedule
of Issues (tentative)
TBD Deliberation of Budget, Program,
and Policy Requests
March
2027
Proposed Final Decision (tentative)
63 2028-2035 Consolidated BPA Proceeding
Via comments filed in May, Community Power asked the CPUC to... • Oppose narrowing scope of equity programs, and avoid policies that disadvantage RENs (e.g., performance metrics that do not accurately capture customer benefits)
• Change rules to allow programs that incentivize switching from all unregulated fuels to regulated fuels
• Modify integrated demand side management proposals so RENs retain access to funding
• Evaluate efficacy of statewide programs
• Other positions will be refined following the CPUC's
anticipated issuance of a detailed policy ruling
Community Powers Key Priorities
64 Power Charge Indifference Adjustment (PCIA) Proceeding • 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
• Resource Adequacy (RA) Market Price
Benchmark (MPB) methodology
Track
2 • 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”
65 PCIA Track 2: Issue and Updates
Key Updates:
• March 27: CPUC Energy Division
issued a staff report
o Agreed with CalCCA that pre-2019 banked RECs hold some value, but not full RPS MPB
o Outlined 4 compromise proposals
• May 12 & 22: Parties filed direct
testimony and rebuttal testimony
• June 2: Evidentiary Hearing (if
ordered)
• June 16 & 25: Opening and Reply
Briefs due
66 PCIA Track 3: Upcoming Workshops
High-level
discussion of
principles &
approaches
for achieving
indifference
June
8 Issues
proposed to
be included
in the scope
& scheduling
June
9 Data access
and
confidentiality
issues
June
15 67
Public Comment on
Item No. 11
68 Item No. 11
Board Members
Comments or
Questions
Update on regulatory and
Legislative Affairs
Recommendation:

Receive and File Regulatory and Legislative
Affairs Update
69 Chief Executive Officer Report
70 Board Member Announcements
71 Adjournment
72 Next Regular Community
Power Board Meeting
June 25, 2026
[email protected]
73 We are experiencing technical
difficulties.

Please be assured that we are
working to resolve the issue and
meeting will resume shortly.

Thank you.

San Diego Community Power Board of DirectorsMay 28, 2026

San Diego Community Power Board of Directors
May 28, 2026