San Diego Community Power advisory committee endorses FY 2026-27 budget with reserve strategy to manage PCIA snapback risk
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Citizen Portal
5d ago· 1 min readenNews
Summary
San Diego Community Power's Community Advisory Committee reviewed the draft FY 2026-27 operating and capital budgets on June 23. Acting CEO Jack Clark emphasized the budget is designed to protect affordability while delivering reliable, cleaner energy. Staff outlined a reserve-focused strategy to absorb potential PCIA "snapback" charges that could pressure revenues, aiming to sustain customer discounts and provide near-term rate relief alongside long-term fiscal discipline.
Source
bskySan Diego Community Power advisory committee endorses FY 2026-27 budget with reserve strategy to manage PCIA snapback riskcitizenportal.aiKey quotes
· 2 pulledThe budget is designed specifically to protect affordability while continuing to deliver reliable, cleaner energy to the communities we serve.
Staff warned of a possible PCIA 'snapback' that could pressure revenues despite lower wholesale renewable prices.
On June 23 the Community Advisory Committee received a detailed FY 2026-27 budget briefing and endorsed staff—9s strategy to grow reserves and sustain customer discounts after staff warned of a possible PCIA "snapback" that could pressure revenues despite
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