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Commission approves water supply assessments and $200 million credit facility for interim water financing
Summary
The commission approved five water supply assessments for planning‑level CEQA review, discussed coordination with the Planning Commission about carrying capacity, and authorized a replacement $200 million commercial‑paper liquidity letter of credit from Sumitomo Mitsui to support interim funding of the Water Enterprise capital program.
The San Francisco Public Utilities Commission approved a package of water supply assessments (WSAs) and separately authorized a $200 million bank credit facility to support interim financing for water capital projects.
Steve Ritchie, assistant general manager for water, told the commission that the WSAs are technical assessments provided to the Planning Department so it can complete CEQA analysis for proposed development projects; several assessments were revised in light of recent state board action. Ritchie emphasized the WSAs do…
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