Redwood Coast Energy Authority’s July 23 board packet places a proposed rate strategy near the top of the agenda, asking directors to consider keeping retail generation rates 6% above PG&E’s while preserving at least $26 million in cash reserves.
The agenda summary says the measure, framed as Resolution 2026-9, would set RCEA’s retail generation rate, combined with PG&E’s PCIA and franchise fees, at a 6% premium over PG&E generation rates beginning Sept. 1, 2026. Staff say the approach is intended to keep reserves between $26 million and $30 million through 2027, with authority to make rate changes no more than quarterly and a ceiling of 9.5% above PG&E generation rates. The packet describes the move as a response to reserve pressure and market volatility.
The rate item is one of several major decisions on the July 23 agenda. The board is also being asked to approve a new wind power purchase agreement, submit RCEA’s 2026 integrated resource plan to the California Public Utilities Commission, and consider routine finance and governance items including financial reports, an amended conflict-of-interest code, and a Northern Rural Energy Network sponsorship payment.
The packet summary does not show a final vote on the rate strategy, and it does not include any amendments adopted during the meeting.
