San Diego Community Power profits invested in local groups

KPBS

San Diego’s largest community choice aggregator (CCA) — one of two local agencies that buy electricity for local utility customers — is pumping nearly $400,000 in profits into the local community.

“We’re not sending (dollars) out to investors,” said Joe LaCava, a San Diego City Council member and chair of the San Diego Community Power board. “We’re not sending them out to stockholders. But we’re keeping it all here local.”

The grant applications were handled by the San Diego Foundation and that organization will distribute the money.

The grants will fund a variety of local programs focused on renewable energy and energy literacy.

Read more here: San Diego Community Power profits invested in local groups | KPBS Public Media