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Clean Power Alliance board extended CEO contract, approved interim rate cut, Mayor Pro Tem tells council
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Summary
Mayor Pro Tem Deborah Klein Lopez told the Agoura Hills City Council that the Clean Power Alliance board unanimously extended CEO Ted Bartekie's contract through the end of the decade and approved an interim rate adjustment to lower customer rates and remain competitive with Edison.
Mayor Pro Tem Deborah Klein Lopez told the Agoura Hills City Council that the Clean Power Alliance board unanimously extended the contract of its CEO, Ted Bartekie, "to the end of the decade," and approved an interim rate adjustment intended to keep customer bills competitive with Edison.
Klein Lopez said the board voted unanimously on both measures. "We set rates once a year in the summer for the year," she said, describing the board's approach to rate-setting and the decision to use a portion of reserves to smooth expected market volatility in 2026. "We're doing an interim rate adjustment so that we remain competitive with Edison," Klein Lopez said.
According to Klein Lopez, the interim adjustment reduces certain rate tiers and will draw somewhat on reserves to avoid what she described as potential "whiplash" for customers as market costs change. She framed affordability and stability as the board's main concerns: "Affordability is key," she said.
The report to council was informational; Klein Lopez did not propose any city action and no vote by the city council on Clean Power Alliance policy or finances was taken at the meeting.
Clean Power Alliance is a joint powers agency that provides electricity purchasing and programs for member jurisdictions; Klein Lopez's remarks were presented as a board update to the council.
