Clean Power Alliance Commits to Energy Reliability and Cost Stability with New Budget
Focusing on Community Programs, Economic Opportunities, and Infrastructure Investments
In a significant move to bolster Southern California’s energy landscape, Clean Power Alliance (CPA), the largest community choice energy aggregator in California, has unveiled its budgets for fiscal years 2026-27 and 2027-28. Approved by the board of directors on June 4, 2026, these budgets are designed to maintain clean, reliable energy provision while enhancing customer programs and economic opportunities.
According to CPA board director and Finance Committee Chair Susan Santangelo, “As a public, not-for-profit electricity provider, everything we do at Clean Power Alliance is centered on creating value for the communities we serve —from maintaining competitive rates to expanding access to cleaner energy choices.” This statement underlines CPA’s dedication to delivering sustainable energy solutions and maintaining competitive rates for the 38 communities it serves.
Transitioning to a two-year budget cycle, CPA plans to allocate $1.07 billion in FY 2026-27 and $1.06 billion in FY 2027-28. A significant portion, 93% and 92% respectively, is earmarked for procuring energy to ensure grid reliability while supporting California’s clean energy goals through new projects involving solar, wind, geothermal, and battery storage. Operating expenses will constitute 7-8% of the budget.
Energy Cost Reduction
The new budget highlights a $137 million reduction in energy costs, contributing to rate stability and competitiveness. This reduction is attributed to over 460 megawatts of renewable energy contracts coming online, decreased market prices, and savings from CPA’s pre-pay bond financing program.
Fiscal Health and Community Investment
CPA’s financial metrics, aligning with an A credit rating, reflect prudent management and long-term stability. Strategic fiscal stabilization funds will protect customer rates from market volatility. Investment in communities remains a priority, with $14.7 million allocated in FY 2026-27 and $17.4 million in FY 2027-28 for customer programs. These funds aim to enhance access to clean energy and support local sustainability efforts.
Key investments include:
- Power Share program: Offers low-income households a 20% discount on bills through locally generated renewable energy.
- Solar and Battery Access program: Provides qualified homeowners with solar and battery installations at no cost.
- Instant AC Savings program: Offers $300 coupons for energy-efficient air conditioners.
Workforce Development
With a $2.4 million budget over two years, CPA is amplifying workforce development efforts. Collaborations with organizations like Flintridge Center and WINTER aim to prepare local talent for high-demand energy sector jobs. Additionally, partnerships with the U.S. Green Building Council California will provide specialized training for construction professionals in wildfire-prone areas.
Organizational Growth and Community Engagement
CPA is committing $12.5 million over two years to enhance community engagement and education, alongside $9.3 million for technology upgrades to boost organizational efficiency. “This budget reflects our commitment to building an energy future that is sustainable and responsive to the needs of the communities we serve,” stated CPA Chief Executive Officer Ted Bardacke, emphasizing the collaborative efforts required to achieve these goals.
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About Clean Power Alliance
Clean Power Alliance is a locally operated, not-for-profit electricity provider serving 38 communities in Los Angeles and Ventura counties. As the fourth largest electricity provider in California and the leading green power provider in the United States, CPA offers clean renewable energy at competitive rates to nearly three million residents and businesses.
Original Story at cal-cca.org