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Treasurer reports favorable start to FY2026; liquidity and reserves highlighted
Summary
Chief Financial Officer Eric Washington told the FRMC San Diego Community Power began FY2026 with a net position change of roughly $22 million for the first month, reported strong liquidity including access to a $250 million credit line and noted two contracts executed under CEO signing authority.
SAN DIEGO — Dr. Eric Washington, chief financial officer and treasurer for San Diego Community Power, reported to the Finance and Risk Management Committee on Oct. 16 that the agency closed the first month of fiscal year 2026 with a stronger-than-budgeted net position and solid liquidity metrics.
Washington said the net position change for the period was "just under $22,000,000" compared with the…
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