REDWOOD CITY, CA – Peninsula Clean Energy has named Kristina Alagar Cordero as its new chief financial officer.
Cordero began her Peninsula Clean Energy tenure July 25 following the past five years as director of financial planning for the San Francisco Public Utilities Commission (SFPUC) and more than a decade in the capital markets as a municipal infrastructure and project finance credit expert. Over the course of her career, Cordero has grown and expanded the definition of “traditional” finance roles, teams and functions to more deeply integrate and incorporate core values of diversity, equity and inclusion, as well as leadership development and training.
In her most recent role at the SFPUC, Cordero directed and managed the development of long-range financial plans of four different business enterprises with total annual revenues in excess of $1 billion. In this role she directed and managed the development and implementation of rates, fees and charges for the four different business enterprises, including the community choice aggregation (CCA) program CleanPowerSF. Cordero brings deep capital markets experience from her previous role as an assistant vice president and lead analyst at Moody’s Investors Service, covering some of the largest municipal infrastructure credits in the U.S.
“Having such extensive experience, including with a fellow CCA agency, will be enormously valuable to us as we continue to provide our customers with affordable clean power,” Peninsula Clean Energy CEO Jan Pepper said.
“I am thrilled to have joined a talented and dedicated team at Peninsula Clean Energy to move forward the fundamentally important work of creating a more sustainable world with clean energy for everyone,” Cordero said. “I look forward to capitalizing on my prior experience integrating finance work with issues of utility rate affordability to deepen and widen the impact of the agency’s work on providing clean and affordable energy to all of our customers.”
Cordero will oversee and direct Peninsula Clean Energy’s finance and accounting, ranging from organizational budgeting, revenue forecasting and modeling to the accurate tracking, reporting and analysis of monthly, quarterly and annual financial statements. Her responsibilities will also include continuing to implement generation rates to the organization’s customers that are five percent lower than generation rates charged by PG&E, while leading the effort to conduct the organization’s first comprehensive cost-of-service rate study.
Cordero will also apply her capital markets experience and lead efforts to maintain and improve Peninsula Clean Energy’s investment grade credit ratings.
Cordero received a Bachelor of Arts in sociology at the University of California, Riverside and a Master of Science in public policy and management at Carnegie Mellon University.
About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and for the City of Los Banos. Founded in 2016 with a mission to reduce greenhouse gas emissions, the agency serves a population of 810,000 by providing more than 3,600 gigawatt hours annually of electricity that is 50 percent renewable, 100 percent clean and at lower cost than PG&E. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in its communities to expand access to sustainable and affordable energy solutions. Peninsula Clean Energy is on track to deliver electricity that is 100 percent renewable by 2025. The agency has earned investment grade credit ratings from Moody’s and Fitch.