Redwood Coast Energy Authority directors adopted a rate strategy aimed at keeping $26 million in cash reserves and approved an amended fiscal 2026-27 budget built around a 6% premium over PG&E generation rates, according to draft minutes included in the agency’s Aug. 27 board packet.
Staff told the board the 6% generation-rate premium would add about $2 a month for an average customer. The same draft minutes say RCEA has paid $118 million in PG&E Power Charge Indifference Adjustment, or PCIA, charges since the community choice program began.
The packet summary does not indicate whether the rate strategy was later finalized at the Aug. 27 meeting or whether it remained a proposal carried forward from the July 23 session. It also does not show whether directors discussed alternatives, took a recorded vote on the amended budget, or set a specific effective date for the changes.
Because the packet only includes draft minutes, the clearest takeaway is that staff and directors were framing the rate action as a reserve-protection measure in the face of ongoing wholesale power and PCIA costs.
