This has been a successful year for Clean Power Alliance, and we share our excitement with our customers and communities that helped us achieve significant milestones in our mission to make Southern California cleaner and more sustainable.
In addition to celebrating our fifth anniversary of serving our first customers, we achieved notable goals throughout this year through the contributions and dedication of our local renewable energy partners, engaged leaders on our Board of Directors and Community Advisory Committee, our dedicated staff, and the communities in Los Angeles and Ventura counties that we serve and call home.
As we reflect on 2023, we are excited to highlight key accomplishments that reflect how CPA advances our mission to address the impacts of climate change and provide Southern California communities with avenues to meet their clean air goals.
- Secured a record amount of wind power from the largest renewable energy infrastructure project in United States history, which begins construction this year and will begin serving customers in late 2026. The 575 megawatts of renewable energy from the SunZia Wind project in New Mexico will provide enough renewable energy to power 265,834 homes in Southern California annually.
- Transitioned the cities of Alhambra and Paramount and businesses located in unincorporated Los Angeles County to cleaner energy options. Collectively, these actions will prevent 820 million pounds of harmful greenhouse gas emissions from being emitted each year.
- Began receiving 188 megawatts of solar energy paired with 113.5 megawatts of energy storage, enough to power more than 85,000 homes and businesses, from the Daggett Solar plus Storage facility, one of the largest operating hybrid facilities in the country.
- Approved six new 20-year power purchase agreements to expand capacity in the Power Share program, which provides 100% renewable energy to income qualified customers at a 20 percent discount. Two of the agreements are for community solar projects that supply locally generated power to residents living within five miles of the project site. An additional 1,400 Power Share customers will benefit from the expansion.
- Achieved a financial milestone by receiving an A- issuer credit rating (ICR) with a stable outlook from S&P Global Ratings. This first credit rating positively reflects CPA’s overall strengths and bolsters its position to secure large supplies of energy at lower costs.
- Issued two prepay green energy bonds, totaling nearly $2 billion. The bonds allow CPA to save on the future costs of purchasing renewable energy, providing over $98 million in cost savings to customers over the next eight years.
- Contributed to the largest electric vehicle (EV) charging infrastructure investment in Ventura County history, via the California Electric Vehicle Infrastructure Project (CALeVIP). Half of the $4.8 million in total funding was designated for EV charging stations located in low-income and disadvantaged communities to grow access to clean mobility options for all.
- Provided $280,000 in funding to 12 non-profit organizations through CPA’s Community Benefits Grant program to advance clean energy, green jobs, environmental education and stewardship, and energy equity and diversity within Southern California communities.
- Invested $105,000 into CPA’s Voyager Scholarship program to support 105 scholarships for students in renewable energy studies attending seven colleges throughout Los Angeles and Ventura counties.
We look forward to welcoming Hermosa Beach, Monrovia and Santa Paula to CPA service in 2024. With the addition of these cities, CPA will serve 35 communities with clean energy options throughout Los Angeles and Ventura counties.
Thank you to our customers who are helping to lead the way to a cleaner, greener and more sustainable Southern California.
View the video of our 2023 milestones and achievements.
