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Monterey Bay Community Power meeting to discuss deferring payments amid COVID-19 crisis

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Posted at 6:16 AM, Apr 13, 2020
and last updated 2020-04-13 09:16:16-04

Monterey Bay Community Power is holding a special meeting Monday morning to adopt a resolution authorizing the CEO to defer upcoming payments due to the coronavirus pandemic.

The discussion includes deferring 50% of generation charges incurred in May and June 2020 billing periods for all customers to mitigate the financial impact of COVID-19.

If approved, MBCP customers will experience a total deferred cost savings of $22.4 million for an immediate two month bill savings.

MBCP currently serves the cities of Morro Bay and San Luis Obispo.