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Board adopted retroactive Feb. 1, 2025 rate package; CAC briefed on risks, reserves and customer discounts
Summary
San Diego Community Power staff briefed the Community Advisory Committee on the 2025 rate package the board adopted Feb. 7, explaining the agency’s chosen balanced scenario, projected reserve trajectory and customer discounts; the board-approved rates took effect retroactively Feb. 1, 2025.
San Diego Community Power staff told the Community Advisory Committee March 13 that the board adopted a 2025 rate package at a special Feb. 7 meeting and that the rates were made effective retroactively to Feb. 1, 2025. Staff described the adopted approach as a "balanced" scenario intended to protect long-term financial stability while offering customers lower generation rates than San Diego Gas & Electric (SDG&E).
Lucas Uthos, Senior Director of Data Analytics and Customer Operations, said the balanced scenario seeks to preserve reserves and meet the agency’s strategic financial targets while keeping customer affordability a priority. "Customer is the cornerstone of what we do," Uthos said during the presentation.
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