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SFPUC reports healthy fiscal picture; staff announces SRF loans and $15M grant for four projects
Summary
Deputy CFO Charles Pearl told the commission the SFPUC's enterprises are generally tracking above plan, with water and wastewater performing well and power showing a weakness offset by savings; staff also announced State Water Resources Control Board approval of four SRF loans plus a $15 million grant for SFPUC projects and estimated significant lifetime savings for ratepayers.
Deputy Chief Financial Officer Charles Pearl presented the SFPUC’s third-quarter financial update (to March 2017), reporting that water and wastewater enterprises are tracking at or above budget and that power revenues are slightly weaker because one irrigation district customer is no longer purchasing power. Pearl said savings from a 2016 water bond refunding would provide roughly $21…
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