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Supervisor Peskin to initiate city rate application after controller finds excess profits at Recology
Summary
Supervisor Aaron Peskin announced the city will initiate a professional, controller‑administered rate application to address findings in the controller’s audit that identified tens of millions in excessive profits at Recology and opaque intercompany charges.
Supervisor Aaron Peskin on May 17 announced that the city will initiate, with the mayor’s support, a city‑led rate application to reform San Francisco’s refuse rate‑setting process after a controller’s report identified excessive profits and opaque intercompany charges at Recology.
Peskin said the controller’s integrity report, issued the day before, identified roughly $23.4 million in excessive profits in recent years and highlighted a pattern of complicated intercompany charges that make it difficult for ratepayers and the city to determine the true cost structure. The report also raised…
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