MCE on track to approve $700M budget

The executive committee of MCE has approved management’s proposed 2026-2027 budget — a $700 million revenue and spending plan.

The proposed budget includes a 12.8% increase for staff compensation and no cuts to local electrification subsidies. The new fiscal year starts April 1.

Last month, the board of the renewable energy agency approved a rate cut of $11 a month for typical households that would take effect next month.

The rate cut came in response to a jump in monthly fees from Pacific Gas & Electric Co....