Redwood Coast Energy Authority’s July 23 board packet proposes a rate strategy that would keep retail rates at a 6% premium over PG&E generation rates while preserving at least $26 million in cash reserves.
According to the board packet, staff want the authority to maintain that reserve floor and revisit rates no more than quarterly. Any increase above a 9.5% premium would require board approval.
The packet says the approach is intended to prioritize liquidity while giving the agency room to respond to higher power supply costs and market changes. It is one of several energy and financial items on the July 23 agenda.
The packet does not show whether the board adopted the strategy at the meeting or whether directors amended the proposal.
