(From press release) Valley Clean Energy’s board of directors has announced that the local community choice energy agency is repaying its start-up loans early, years ahead of schedule.
VCE was formed in 2016 as a joint powers agency comprising the city of Davis and the unincorporated area of Yolo County. The city of Woodland joined later, in 2017. Each agency lent VCE $500,000 to cover program implementation costs with a requirement that the loans would be repaid with interest.
“Now, after less than 1½ years in operation, we are repaying the loans — far ahead of schedule,” said Tom Stallard, a member of the Woodland City Council who chairs the VCE board of directors. “The agency’s firm financial footing allows us to do so.”









