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San Diego Community Power signs EEI swap confirmation with Clean Power Alliance to enable future prepayment savings
Summary
The board approved an EEI master agreement confirmation and collateral annex with Clean Power Alliance to enable a voluntary allocation market offer (VAMO) swap of annual renewable volumes, a step staff said is needed to include those volumes in future prepaid transactions that can lower long‑term costs for customers.
San Diego Community Power on May 2025 approved a set of contract documents (EEI master agreement confirmation and collateral annex) with Clean Power Alliance of Southern California to enable a voluntary allocation market offer (VAMO) swap of annual renewable volumes between the two agencies. Andrea Torres, director of origination, said the agreement is intended to enable both agencies to include swapped volumes in future prepayment transactions that can lower costs for customers.
What staff told the board
Andrea Torres said the swap would exchange product on a megawatt‑hour‑for‑megawatt‑hour basis from annual volumes that each agency currently receives under utility contracts. The swap is a ten‑year arrangement commencing in…
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