Public documents

Annual audited financial statements

PCE FY2023 and FY2024 Financial Statements
PCE FY2022 and FY2023 Financial Statements
PCE FY2021 and FY2022 Financial Statements
PCE FY2020 and FY2021 Financial Statements
PCE FY2019 and FY2020 Financial Statements
PCE FY2018 and FY2019 Financial Statements
PCE FY2017 and FY2018 Financial Statements
PCE FY2016 and FY2017 Financial Statements

Quarterly financial statements – unaudited

FY Ended June 30, 2025

• 2024-12 PCE Financial Reports
• 2024-09 PCE Financial Reports

FY Ended June 30, 2024

• 2024-03 PCE Financial Reports
• 2023-12 PCE Financial Reports
• 2023-09 PCE Financial Reports
  

FY Ended June 30, 2023

• 2023-03 PCE Financial Reports
• 2022-12 PCE Financial Reports
• 2022-09 PCE Financial Reports

FY Ended June 30, 2022

• 2022-03 PCE Financial Reports
• 2021-12 PCE Financial Reports
• 2021-09 PCE Financial Reports

FY Ended June 30, 2021

• 2021-03 PCE Financial Reports
• 2020-12 PCE Financial Reports
• 2020-09 PCE Financial Reports

FY Ended June 30, 2020

• 2020-03 PCE Financial Reports
• 2019-09 PCE Financial Reports
• 2019-12 PCE Financial Reports

FY Ended June 30, 2019

• 2019-03 PCE Compiled Financial Reports
• 2018-09-PCE-Financial-Reports
• 2018-12 PCE Compiled Financial Reports

FY Ended June 30, 2018

• 2018-03-PCE-Compiled-Financial-Statements
• 2017-09-PCE-Financial-Reports
• 2017-12-PCE-Financial-Reports

FY Ended June 30, 2017

• 2017-03-PCE-Compiled-Financial-Reports
• 2016-09-PCE-Financial-Statements

Budget

• 5 Year Forecast – 06.27.2024
• FY2024-2025 Budget – Approved by Board 06.27.2024

Credit rating

Moody’s Investors Service

• Moody’s Credit Opinion PCE 12.19.2024
• Moody’s Rating Upgrade PCE 12.09.2024
• Moody’s Rating Upgrade PCE 06.28.2023
• Moody’s Rating Action PCE 06.27.2022
• Moody’s Credit Opinion PCE 10.12.2020
• Moody’s Credit Opinion PCE 05.14.2019

S&P Global Ratings

• S&P Global Rating – PCE 06.20.2023

Line of credit

• PCE line of credit as of 3-31-2024

Insurance policy summary

PCE – Summary of Insurance effective May 1, 2024

Policies

• • Policy 01 – Delegation of Authority to CEO re Legislative and Regulatory Platform
    • 2025 Legislative and Regulatory Policy
  • Policy 02 – Customer Confidentiality
  • Policy 03 – Bad Debt
  • Policy 04 – Prohibition Against Dissemination of Untrue or Misleading Information
  • Policy 05 – Terms and Conditions of Service
  • Policy 06 – Terms and Conditions of Service for Early Adopters
  • Policy 07 – Risk Management Policy
  • Policy 08 – Information Technology and Security
  • Policy 09 – Ethical Procurement Standards
  • Policy 10 – Inclusive and Sustainable Workforce
    • Amendment to Policy 10: Supply Chain Code of Conduct
  • Policy 11 – Unbundled Renewable Energy Credits (RECs)
  • Policy 12 – Coal Exclusion for Electricity and Resource Adequacy Procurement
  • Policy 13 – Delinquent Accounts and Bad Debt Collections Policy
  • Policy 14 – Non-Energy Agreement Signatory and Delegation Policy
  • Policy 15 – Energy Supply Procurement Authority
  • Policy 16 – Policies and Procedures for Board of Directors, Committees, and Advisory Groups
    • Request for Modification for Meeting Participation
  • Policy 17 – Disbursement Policy
  • Policy 18 – Reserves Policy
  • Policy 19 – Investment Policy
  • Policy 20.a – Advance Metering Infrastructure (AMI) Data Privacy and Security Policy
  • Policy 20.b – Notice of Accessing, Collecting, Storing, Using and Disclosing Energy Usage Information (Privacy Notice)
  • Policy 20.c – Information Technology Security Policy
  • Policy 20.d – Records Retention Policy
  • Policy 21 – Social Media Policy
  • Policy 22 – Diversity, Equity, Accessibility, and Inclusion (DEAI) Policy
  • Policy 23 – Energy Risk 

Formation documents

• CPUC Signed Certification Letter for Los Banos Implementation Plan 03.08.2021
• JPA-Third-Amended-September-26-2024
• JPA Agreement with signatures original
• Feasibility Study, Los Banos – 2020

Integrated Resource Plan

The Peninsula Clean Energy (PCE) Integrated Resource Plan (IRP) provides guidance for serving the electric needs of the residents and businesses in San Mateo County while meeting PCE’s policy objectives and regulatory requirements over a 10-year planning period from 2018-2027. PCE’s existing and planned supply commitments will enable PCE to fulfill regulatory mandates and voluntary procurement targets related to renewable, greenhouse gas-free (GHG-free) and conventional (non-renewable) energy.

PCE’s 2018 Integrated Resource Plan (IRP)