Community Power announces A/stable public credit rating and a third clean‑energy prepayment
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Summary
CEO Karen Burns announced San Diego Community Power received an A/stable credit rating from S&P Global and reported completion of a third clean‑energy prepayment transaction that staff said generated “millions” in savings and included a local partner.
San Diego Community Power announced on March 26 that it received a public A/stable credit rating from S&P Global Ratings. CEO Karen Burns told the board the rating, issued March 9, reflects the agency’s financial discipline, governance and risk management and strengthens the agency’s ability to secure favorable financing.
Burns said S&P’s ongoing surveillance will add an accountability layer and noted the agency is one of the youngest community choice aggregators to earn an A‑category public credit rating. The board received the staff report and members commended the finance team.
In her CEO report Burns also said the agency completed its third clean‑energy prepayment transaction, generating “millions of dollars” in savings for customers and including a local partner; staff said the transaction strengthens long‑term procurement strategy. No further contract or dollar details were provided at the meeting.
