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Community Power board authorizes third prepay clean‑energy transaction to lock market savings
Summary
The San Diego County Community Power board voted Feb. 26 to adopt a resolution authorizing a third prepayment financing transaction that staff say could lock multiyear savings for ratepayers; staff described a tight pricing window and risk mitigations if a deal terminates.
The San Diego County Community Power Board of Directors on Feb. 26 adopted a resolution authorizing staff to execute documents for a third clean‑energy prepayment transaction intended to lock long‑term energy savings for customers.
Jeb Spangler, senior strategic finance manager at San Diego Community Power, told the board the item is transaction number three in a program that began with diligence in 2023 and produced two earlier prepay transactions in November 2024 and July 2025. “To date, there have been 2 prepaid transactions…Collectively, those 2 transactions have saved ratepayers almost a…
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