A community choice aggregation (CCA) company that was formed to procure energy for several cities in Southern California’s Riverside County has filed for bankruptcy, citing increased costs and lower revenue during the COVID-19 pandemic. Western Community Energy (WCE) is a joint powers authority (JPA) consisting of the cities of Eastvale, Hemet, Jurupa Valley, Norco, Perris, and Wildomar. The JPA was formed last year to develop a CCA program and purchase energy on behalf of residents and businesses as a “cost-competitive alternative” to electricity offered by Southern California Edison (SCE). The company’s board of directors declared a “fiscal emergency” and authorized its legal counsel to file for Chapter 9 Bankruptcy protection on May 24. In a press release, WCE reported that “several external contributing factors” impacted the company’s financial situation since the program was implemented in April 2020, at the beginning of the COVID pandemic. Last August, California experienced “an unprecedented …
Southern California Community Choice Energy Company Files for Bankruptcy
June 5, 2021
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CCAcommunity choice aggregrationelectricityenergyJPALocal NewsRegional-Local NewsSCESouthern CaliforniaUS
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