The San Diego Community Power board on June 26 approved the agency’s fiscal year 2026 operating budget, a $54,700,000 capital appropriation and a $344,330,000 five‑year capital investment plan.

CEO Karen Burns and CFO Dr. Eric Washington presented the proposed budget, saying staff designed it to emphasize stable competitive rates, program expansion, capital investments and fiscal sustainability. "Every choice in this budget has been made with enormous care and consideration from the subject matter experts across our talented staff of public servants," Burns told the board.

Why it matters: Power procurement is the largest budget line; staff highlighted prepaid transactions, a new middle‑office risk function and program investments, including renewable procurement, rate stability measures and an expanded San Diego Regional Energy Network designed to deliver efficiency and demand‑side programs to priority communities.

Finance director Timothy Magamot summarized the request and said the operating budget and most assumptions remained unchanged from the board’s prior review. The capital budget change reflected updated carryover and a continuing fund approach, and the CIP establishes planned contributions for future years.

Board members who serve on the finance and risk management committee described a thorough review. Director Yamani, speaking as FRMC member, said the committee had asked detailed questions and felt confident recommending adoption. Directors highlighted transparency and a focus on reinvesting savings into community programs.

The board approved the three items by roll call; directors present voted aye and the chair announced the motion carried.

The action authorizes staff to implement the FY26 operating budget, appropriate the capital budget for FY26, and adopt the five‑year capital investment plan.