Rating reflects stable financial outlook, ample liquidity, absence of debt
SAN RAFAEL et CONCORD, Calif. — On May 27, 2026, S&P Global Ratings affirmed MCE’s ‘A’ issuer credit rating with a stable outlook, underscoring continued confidence in MCE’s financial strength and operational resilience.
According to S&P Global Ratings, the assessment reflects MCE’s very healthy liquidity totaling $554 million, equivalent to 244 days of operating expenses, its diverse renewable energy portfolio supported by approximately 58 long-term contracts, and its lack of outstanding debt.
The S&P Global report also highlighted MCE’s broad customer base of more than 600,000 accounts across 38 member communities, strong customer retention, and negligible opt-outs — all indicators of enduring stability.
“This affirmation is yet another signal to financial markets that MCE’s fiscal position remains strong. Strong credit ratings allow us to secure energy at more competitive prices, maintain stable costs for our customers, and continue delivering lasting community benefits.”
Benefits of MCE’s A Credit Rating Include:
- Reassurance that MCE remains financially strong and well-positioned to continue providing reliable, competitively priced clean energy;
- Improved negotiating power for long-term renewable energy contracts, supported by strong liquidity and no outstanding debt; and
- Further validation of the community choice aggregator model from an internationally recognized rating agency.
MCE’s $554 million in liquidity, including a $70 million Rate Stabilization Fund, provides a substantial buffer against market volatility, power price spikes, and potential customer opt-outs, a key factor in S&P’s stable outlook.
MCE has served Bay Area customers since 2010, with 60% and 100% renewable electricity service options and reinvested roughly $400 million back into its communities through cutting-edge clean energy programs. By choosing MCE, customers are investing in the clean energy economy and supporting healthier communities for all.
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