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Board updates energy risk policy to allow CEO to purchase California carbon allowances and offsets for compliance
Summary
Directors adopted an amendment to SDCP’s Energy Risk Management Policy permitting the CEO to procure California carbon allowances and carbon offset products to meet the agency’s compliance obligations under the state cap‑and‑trade program, with volumetric and transaction limits included.
The San Diego Community Power board on June 26 adopted an update to its Energy Risk Management Policy to authorize procurement of California carbon allowances and carbon offset products to meet compliance obligations under the state cap‑and‑trade program.
Janine Kamara, director of portfolio management, said the change adds an addendum authorizing the CEO to approve purchases…
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