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Votes at a glance: SFPUC approves contracts, service-area amendment, credit facility and contract amendments
Summary
At its meeting the SFPUC approved minutes, consent items and a set of contract and financing actions including a $200 million revolving credit agreement, contract awards and amendments for capital projects, and closed-session privilege assertion.
The San Francisco Public Utilities Commission on the record approved meeting minutes, consent calendar items and a series of financing and procurement actions covering revolving credit capacity, a water-service-area amendment, contract awards and contract amendments needed to support SFPUC capital projects.
Key outcomes
- Minutes (Item 3): The commission approved the minutes of the Feb. 11, 2025 meeting. Vote: President Stacy, Vice President Arce, Commissioner Jamdar and Commissioner Leberone — all "Aye." (Motion passed.)
- Consent calendar (Items 7A and 7C): Approved. Vote: unanimous.
- Revolving credit agreement with Wells Fargo (Item 8): The commission approved a revolving credit agreement totaling $200,000,000 made up of two separate $100,000,000 facilities (one for water, one for power) with three-year terms. The facilities provide interim funding capacity and may be used for tax-exempt or taxable borrowings tied to an…
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