Entries by CalCCA

California’s CCA structure gets Moody’s thumbs up

PV Magazine Moody’s has rated Peninsula Clean Energy, a California CCA, at Baa2 Investment Grade status. The rating agency gave significant credit to the legal structure surrounding CCAs giving them “sticky” customers, in addition to the PCE’s conservative management and strong customer relationships. The rating was made taking into account the ongoing bankruptcy proceeding at […]

Moody’s Assigns Investment Grade Credit Rating to Peninsula Clean Energy

Moody’s Assigns Investment Grade Credit Rating to Peninsula Clean Energy Baa2 Rating Indicates Stable Outlook REDWOOD CITY, CA –May 6th, 2019 –Today Moody’s Investors Service assigned a first-time Baa2 Issuer Rating to Peninsula Clean Energy (PCE). Moody’s Issuer Rating is an independent assessment of PCE’s financial strength over the long term, and PCE’s outlook is […]

Community Choice Aggregation Drives Economic Development

Western City Magazine The concept of community choice aggregation (CCA) has gained a lot of momentum since the enactment of California’s CCA-enabling legislation, AB 117 (Chapter 838, Statutes of 2002). Under the CCA model (also known as a community choice energy model), cities and counties buy and/or generate electricity for local government, residents and businesses […]

CalCCA Statement on Moody’s Assigning Investment-Grade Credit Rating to PCE

FOR IMMEDIATE RELEASE: May 7, 2019 Press Contact: Leora Broydo Vestel (415) 999-4757 | leora@cal-cca.org CalCCA Statement on Moody’s Assigning Investment-Grade Credit Rating to PCE The California Community Choice Association (CalCCA) congratulates Peninsula Clean Energy (PCE) on obtaining a Baa2 Issuer Rating from Moody’s Investors Service. “PCE’s achievement of an investment-grade credit rating speaks to […]

Wildfires push utility ‘kabuki dance’ to absurd levels

Napa Valley Register For the last few decades, California’s largest utilities and the state’s Public Utilities Commission have conducted an elaborate kabuki-style dance every two or three years, whenever the utilities applied for general rate increases. Now the amounts at stake in these dramatic farces are rising to absurd levels, with all three of the […]

California Aggregators To Seek 10 GW Of Clean Power By 2030

California’s Community Choice Aggregators (CCAs) are slowly assuming the traditional utility role of acquiring renewable energy generation for customers. While the role is fairly new, the CCAs nonetheless are now faced with the massive task of securing 9 to 10 gigawatts of new clean energy to meet the state’s 2030 ambitious greenhouse gas emissions reduction […]

California’s New 2030 Energy Plan Relies on CCAs to Procure 10,000 MW to Meet Climate Goals

FOR IMMEDIATE RELEASE: April 30, 2019 Press Contact: Leora Broydo Vestel (415) 999-4757 | leora@cal-cca.org California’s New 2030 Energy Plan Relies on CCAs to Procure 10,000 MW to Meet Climate Goals CCAs Receive Vote of Confidence as State Transitions to ‘Electric Sector of the Future’ Concord, Calif. – The California Public Utilities Commission (CPUC) on […]

California Bill Proposes a Backstop Authority to Secure State’s Power Grid Needs

Amid a flurry of energy, environmental, wildfire and Pacific Gas & Electric bankruptcy-related bills emerging for this year’s legislative session, California lawmakers are also grappling with a complicated yet critical issue — how to secure the energy resources needed to meet the state’s renewable and carbon-free energy goals while also keeping the power grid running. The […]