NBC 7's Chris Chan reports how San Diego's Gas and Electric company may have a competitor for energy consumers.
Project could expose San Diego to massive financial risks and offer few of the benefits claimed in report.
SAN DIEGO (September 21, 2017) – Leading business economist Dr. Lynn Reaser released an independent analysis today of the City of San Diego’s feasibility study for a government-controlled energy program that determined the city’s study is flawed, lacks critical information, and reaches a conclusion not supported by the facts.
“The feasibility study’s finding that a CCA (Community Choice Aggregator) would be ‘feasible’ is at best a weak endorsement, especially in light of the number of risks regarding both its benefits and costs,” Dr. Reaser’s analysis says. “Our analysis finds that even this conclusion of feasibility cannot be supported on the basis of the 803-page study.”
“Given the sizeable financial risks associated with the many uncertainties involved in a CCA, the city should wait, or work with the local utility on potential alternatives that avoid incurring such serious financial jeopardy."
Group aims to ensure costs and benefits of Climate Action programs are fully understood before critical decisions are made.
SAN DIEGO (September 14, 2017) – A new coalition, Clear the Air, has been formed to urge the City of San Diego to achieve its ambitious Climate Action goals in a cost-effective manner that benefits our environment, stimulates the economy and protects local families and businesses. The City’s consideration of a government-run energy program, or Community Choice Aggregation (CCA), is the first major opportunity to ensure costs and benefits are fully considered before critical climate decisions are made.
“The City of San Diego’s unanimous passage of a landmark Climate Action Plan is something we can all be proud of,” said coalition member Ruben Barrales, President of the Latino Leadership & Policy Forum. “It’s now time to build on that collaborative effort and have a robust discussion that helps achieve our climate goals in a way that benefits all San Diegans.”