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Treasurer reports stronger-than-budgeted results, liquidity above $500 million and reserve goal at 65%
Summary
San Diego Community Power's CFO reported a year-to-date net position and liquidity updates for the period ending Jan. 31, 2025: reported net position contributions to reserves, more than half a billion in total liquidity when including an unused $250 million line of credit, and reserves at about 65% of the 180-day target.
Dr. Eric Washington, chief financial officer and treasurer for San Diego Community Power, presented the treasurer's report for the period ending Jan. 31, 2025, and asked the Finance and Risk Management Committee to recommend receipt and filing of the report.
"We landed with a bottom line net position of 44,500,000," Dr. Washington said, reporting that year-to-date net operating revenue was approximately $822,500,000 against about $776,000,000 in total operating expenses. He told the committee total expenses had come…
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