On April 26, 2022, the City of Pico Rivera received an AA bond rating from Standard and Poor’s (S&P), one of the leading rating agencies in the country. Pico Rivera’s AA rating reflects the strength of the City’s local economy and fiscal outlook, financial management policies and practices, and budgetary performance.
Apple Valley Choice Energy (AVCE), the Town’s locally-operated electrical power provider, celebrated its five-year anniversary on April 1, 2022. AVCE currently serves 23,164 residential customers and 2,403 commercial customers throughout the Town.
On Monday, April 18, 2022, the Pension and Health Benefits Committee of the CalPERS Board of Administration voted to move forward with adopting a regulation governing the employment of retired persons, or “retired annuitants.”
On March 1, 2022, Santa Barbara Clean Energy (SBCE), an associate member of the California Choice Energy Authority (CalChoice), began serving non-residential customers in the city, including commercial and industrial customers. The service expansion marks the successful launch of SBCE’s second phase; in its first phase, the local energy provider only offered service to residential customers.