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Coronado pursues Community Power membership; agency announces stable A credit rating
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Summary
COO Brad Clark told the CAC Coronado voted to begin the process to join San Diego Community Power and that the agency received a stable A credit rating, which staff said will help secure favorable financing and contracting terms for long-term power purchases.
Brad Clark, chief operating officer, reported that on Feb. 17 the City of Coronado voted unanimously to pursue membership in San Diego Community Power. Clark described the typical onboarding process: Community Power will receive three years of SDG&E load data for Coronado, Coronado must take a preliminary vote by Aug. 30 and, pending board and CPUC approvals, Coronado could begin receiving service in early 2028. "Over the next several months, Coronado will receive three years worth of data from SDG and E for analysis by Community Power," Clark said.
Clark also announced that Community Power had secured a "stable A" credit rating, which staff said strengthens the agency’s negotiating position on long-term power purchase agreements and enables more favorable financing terms. Clark described the rating as a "big win" for staff and the agency’s long-term financial footing, noting the rating will help Community Power demonstrate creditworthiness to developers on large, capital-intensive projects.
The updates were informational; the committee moved on to standing items without taking formal action. Chair David Harris adjourned the meeting and reminded members the next CAC meeting is scheduled for April 9, 2026 at 5:30 p.m.
