Daily Business Report: Tuesday, February 3
Environment Report: Why San Diego Community Power Is Stockpiling Cash
By MacKenzie Elmer | Voice of San Diego
San Diego Community Power is sitting on over half a billion dollars in its rainy-day savings account but hasn’t yet used any of it to lower rates for its customers.
They’re banking money in case they must help their customers pay-back its competitor, San Diego Gas and Electric, for energy deals SDG&E made.
Government agencies like San Diego Community Power – which took over the business of buying and selling electricity from its competitor, San Diego Gas and Electric – often store cash in reserve accounts for emergencies or to show good financial standing to crediting agencies. They’re also allowed to use a chunk of that change to buy-down or lower prices of the service they’re providing – in this case, electricity.
Why H Barracks Is Closed During the Day
By Mariana Martínez Barba | Voice of San Diego
In July last year, the city began ticketing RV campers in Mission Bay after a safe parking lot, H Barracks, opened nearby. A lawsuit filed by a group of homeless people in 2017 prevented the city from handing out tickets, unless the city could provide an immediate spot at a safe parking lot. They reached a settlement in 2024 and opened H Barracks in 2025.
But that safe parking lot, H Barracks, is only open between 6 p.m. and 7 a.m.
The H Barracks lot has fixed hours for two reasons: the city’s permit and program goals.
SDCCU Named to Newsweek’s America’s Best Regional Banks & Credit Unions 2026
By SDCCU
San Diego County Credit Union (SDCCU), one of Southern California’s largest locally-owned financial institutions, is proud to celebrate the 2026 Lunar New Year. SDCCU members who celebrate the Lunar New Year can pick up red envelopes at any of our convenient Southern California branch locations starting February 5. The Lunar New Year celebration is from February 17 to February 27, and this year is the Year of the Horse.
Based on the lunar calendar, Lunar New Year takes place on a different date each year. Traditionally, red envelopes are given to children or loved ones by their family members wishing them prosperity and good luck in the coming year. The red envelopes (traditionally known as hongbao in Mandarin, lai see in Cantonese, or li xi in Vietnamese) have money enclosed inside and are believed to bring happiness and luck to the recipients.
“We are proud to celebrate the 2026 Lunar New Year by offering exclusive red envelopes to our members,” said Teresa Campbell, SDCCU president and CEO. “As we enter the Year of the Horse, we celebrate momentum, resilience, and shared success. These are values that guide how we serve our members every day.”
Each year within the 12-year cycle is represented by a Chinese zodiac animal, and characteristics are associated with each zodiac birth year. The horse symbolizes energy, freedom, and forward momentum and people born in the Year of the Horse are seen as independent, assertive, and natural leaders.
To find a SDCCU location to pick up your red envelopes, visit sdccu.com/locations. SDCCU is also proud to offer complimentary financial wellness tips, educational presentations, and resources to help our communities thrive. For more information visit sdccu.com/blog, or sdccu.com/fww register.
SDCCU is one of the nation’s top credit unions and was named one of America’s Best Regional Credit Unions in 2026 by Newsweek and ranked a top credit union in California in 2025 by Forbes. SDCCU proudly serves the financial needs of customers in Southern California counties, including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara and Ventura. SDCCU has more than 413,000 customers and 30,000 surcharge-FREE ATMs. SDCCU provides breakthrough banking products that meet the demands of today’s lifestyle and delivers banking services that save customers money. SDCCU is leading the way, offering FREE Checking with eStatements, SDCCU mobile banking, mortgage loans, auto loans, Visa? credit cards and business banking services. Federally insured by NCUA. Membership required. Equal Housing Opportunity. NMLS #580585. For more information, visit www.sdccu.com.
