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FMRC recommends board adopt update to energy risk policy to allow procurement of California carbon allowances and offsets
Summary
The committee voted to recommend that the board adopt an addendum to the energy risk management policy allowing the CEO to approve procurement of California carbon allowances and offsets to meet cap-and-trade compliance within volumetric and notional limits.
The San Diego Community Power Finance and Risk Management Committee on June 12 recommended that the board adopt an addendum to the agency’s energy risk management policy to permit procurement of California carbon allowances and carbon offset products.
Janine Camara, director of portfolio management, told the committee the change would authorize the CEO to approve procurement of allowances and offsets…
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