Solana Beach

Solana Energy Alliance seeing higher revenues, lower expenses

Solana Energy Alliance seeing higher revenues, lower expenses

Solana Beach city staff said Wednesday, Feb. 13 that the city is seeing favorable results in its community choice aggregation program.

Financial results through December 2018 show the Solana Energy Alliance (SEA) program, which launched in June as an alternative to San Diego Gas and Electric (SDG&E), has seen revenues 2.73 percent above projections and expenses about 9 percent lower through the first two quarters of operations, between June 1 and Dec. 31, city staff said. The net revenue is about $300,000 higher than projected.

The project — which the city established to further reach its goal of using 100 percent renewable energy by 2035 — also has about $1.1 million...

52°