(06/2023) East Bay Community Energy (EBCE), our Alameda County and City of Tracy not-for-profit electricity agency, has proposed a budget for the 2023-2024 fiscal year, which will be voted on by the Board of Directors on Wednesday June 21, 2023. This year’s proposed budget is notable for the estimated $177 million net increase in position (or surplus), about $1 million more than last fiscal year. The Local Development budget has grown from $5.1 million in 2019-20 the first operational year, to $25.9 million for 2023-24.
East Bay Clean Power Alliance (EBCPA) of which Local Clean Energy Alliance (LCEA) is a part of, celebrates some wins in the latest version of the proposed local projects budget, but continues to note that the amount that will benefit customers in low income communities of color falls very short of the $10 million that would meet the 40% for equity urged by President Biden known as “Justice 40.”