After only eight months of operation, EBCE fully repaid its advance of start-up funding from Alameda County in the amount of $4.7 million. County Supervisor and EBCE Board Chair, Scott Haggerty, a champion of EBCE since its inception, says “We’ve worked for many years on this effort to provide cleaner power to our local communities. […]
California Energy Markets Guest Editorial: State Needs New RA Sales Framework as Market Tightens Bottom Lines, Issue 1541, May 31, 2019 SUMMARY: A tightening market for resource-adequacy supply has created problems for load-serving entities, including community choice aggregators that say state RA procurement policies need updating. In this guest editorial, the California Community Choice Association […]
Operating Engineers Local No. 3 Newsletter The 200-megawatt utility-scale Wright Solar project is unique on its own, simply because of its enormity and location. Spanning across a giant, privately owned 2,700-acre field nestled in Los Banos, southwest of the intersection of I-5, Hwy. 33 and Hwy. 152, 1,300 acres will be used for solar panels […]
MCE and sPower recently announced that they achieved commercial operations on a 130 MWdc solar project in Lancaster, California. The project, named Antelope Expansion 2, completed by sPower in December of 2018 will sell output to MCE under a long-term Power Purchase Agreement (PPA). While California is home to many large solar projects, this is […]
Public Power Daily The city council of San Jose, Calif, in late April agreed to expand San Jose Clean Energy’s revolving credit agreement with Barclays Bank PLC from $50 million to $80 million. San Jose Clean Energy is the city’s community choice aggregator (CCA). The increased credit facility will allow the CCA to make additional […]
Agreement is one of many recent events demonstrating the financial industry’s confidence in Community Choice Energy FOR IMMEDIATE RELEASE Contact: Zachary Struyk, Deputy Director, Account Management and Marketing (408) 535-4868 zachary.struyk@sanjoseca.gov San José, CA (May 20, 2019) – San José City Council agreed on April 30 to expand San José Clean Energy (SJCE)’s revolving credit […]
GreenTech Media With the Mustang project, Goldman Sachs Asset Management has also put its money behind the first big California solar project built specifically for community-choice aggregators (CCAs) — in this case, Sonoma Clean Energy and Marin Clean Energy (now MCE), which buy its electricity under long-term power-purchase agreements (PPAs). The Mustang project was the […]
REDWOOD CITY, CA – May 15, 2019 – Income-qualifying residents of San Mateo County can receive a $4,000 incentive toward purchasing a used plug-in hybrid electric vehicle (EV) in a program announced by Peninsula Clean Energy (PCE), the County’s official electricity provider. Peninsula Clean Energy’s DriveForward Electric vehicle purchase incentive is in partnership with the […]
Preliminary Report Requested by Mayor Breed following PG&E Bankruptcy Announcement Details Next Steps for Public Power Study San Francisco, CA— The San Francisco Public Utilities Commission (SFPUC) today delivered its preliminary study of public power options that the City will consider in light of Pacific Gas & Electric Company (PG&E) filing for bankruptcy protection. […]
Greentech Media The community-choice aggregators disrupting California’s electricity market have come a long way in a short time, and the credit rating agencies are taking notice. Peninsula Clean Energy, which procures electricity for around 300,000 accounts in the San Francisco Bay Area, obtained an investment-grade credit rating this week from Moody’s along with a stable […]