Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee backs budget amendment, shifts $3 million to solar-battery program
Summary
The Finance and Risk Management Committee of San Diego Community Power on Feb. 2025 voted to recommend that the board amend the agency—s FY 2024-25 operating budget, the FY 2024-25 capital budget and the FY 2025-29 capital investment plan.
The Finance and Risk Management Committee of San Diego Community Power on Feb. 2025 voted to recommend that the board amend the agency—s FY 2024-25 operating budget, the FY 2024-25 capital budget and the FY 2025-29 capital investment plan. Committee members heard presentations from the agency—s chief financial officer and treasury staff and approved the committee recommendation unanimously.
Why it matters: The amendment adjusts revenues upward to reflect recent rate decisions and raises energy cost estimates; staff said the change preserves the agency—s reserve position while freeing $3 million from operating savings to accelerate the authority—s solar battery storage program.
Dr. Eric Washington, chief financial officer and treasurer for San Diego Community Power, told the committee the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
