SAN DIEGO, Oct. 25, 2018 /PRNewswire/ -- Today, the City of San Diego announced its intention to pursue becoming an alternative energy provider by forming a Community Choice Aggregation (CCA) program. In response, San Diego Gas & Electric (SDG&E) issued the following statement:
"SDG&E respects the City of San Diego's right to create a procurement program that best fits its needs. SDG&E has a long history of partnership with the City, and is committed to continuing a productive, cooperative relationship. As the City charts this new course for purchasing electricity, SDG&E will help enable the transition.
"SDG&E does not anticipate any material impact to its financial results from the City's decision to adopt a CCA program and implement it in the next few years. By law, SDG&E cannot profit from the sale of energy that it has purchased for its customers. The cost of energy contracts is a pure pass-through cost to customers with no markup allowed.
"Moreover, the California Public Utilities Commission's recent decision to modify the current exit fee cost allocation mechanisms (PCIA) is designed to minimize the potential for unlawful cost shifts related to past clean energy and systemwide reliability investments that have benefited and continue to support everyone. State law prohibits the shifting of costs from departing customers (those joining alternative energy programs, such as CCAs) to customers who remain with their traditional utility.
"All our customers deserve the highest level of service regardless of their commodity supplier. SDG&E will continue to operate a safe and reliable power grid to deliver energy to all customers."
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SOURCE SDG&E