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Board adopts rate stabilization reserve policy to smooth PCIA-driven volatility
Summary
San Diego Community Power adopted Resolution 2026-07 to establish a rate stabilization reserve (RSR) to help smooth year‑to‑year PCIA volatility and other shocks; staff described guardrails including up to 45 days cash on hand and board approval for recognition tied to rate setting.
San Diego Community Power’s board voted March 26 to adopt a formal rate stabilization reserve policy intended to reduce customer bill volatility tied to market shifts and California’s power charge indifference adjustment (PCIA).
Staff presentations by Senior Strategic Finance Manager Jeb Spangler and Senior Rates Analyst Pete Polonsky explained the mechanics: under Governmental Accounting Standards Board guidance (GASB 62), the policy would permit…
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