About Peninsula Clean Energy
Peninsula Clean Energy, a community choice energy aggregator, is San Mateo County’s official electricity provider. Peninsula Clean Energy plans for and secures commitments from a diverse portfolio of energy-generating resources to reliably serve the electric energy requirements of its customers over the near-, mid-, and long-term planning horizons. Peninsula Clean Energy’s programs include advancing the adoption of electric vehicles and transitioning building fossil fuel uses to low-carbon electricity.
For more information on Peninsula Clean Energy, please go to www.peninsulacleanenergy.com.
In May 2019, Peninsula Clean Energy received an investment grade credit rating of Baa2 from Moody’s and in April 2020, Peninsula Clean Energy received an investment grade credit rating of BBB+ from Fitch. As of December 31, 2019, Peninsula Clean Energy had an unaudited cash balance of $175.4 million, of which $162.4 million was unrestricted. The unrestricted cash balance represented 264 days of cash on hand, well in excess of Peninsula Clean Energy’s Board updated policy requirement of 180 days. Peninsula Clean Energy’s financial statements including its fiscal year 2018-2019 audited financials are available on Peninsula Clean Energy’s website. Peninsula Clean Energy currently provides electricity service to approximately 300,000 customer accounts. This represents a population of over 700,000 people with 3,600 GWh of clean electricity annually.