Meeting: City Council

Meeting Time: November 17, 2020 at 1:16pm PST
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Agenda Item

6.1 20-1443 2021 Power Mix and Rates.

  • Default_avatar
    Victor Niemeyer over 3 years ago

    As a PhD utility economist, I support the resolution. There’s no choice.
    But the current market situation for SJCE will get worse, posing financial risks in the of $100s. SJCE is making commitments worth billions of dollars to serve loads that can disappear quickly due to opt-backs, open access, or low-cost self-generation, forcing the SJCE to dump surplus power at a loss. The Council needs a fresh rethink SJCE’s strategic options. No easy answers but current path sure to get ugly.