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PUC mid‑year report: water revenues down, expense containment and debt actions offset shortfall
Summary
CFO Eric Sandler told commissioners water and wastewater revenues are below budget due to conservation; expense reductions and a debt-refunding relief (~$38M) offset shortfalls and the power enterprise reported improved revenue from additional wholesale sales.
At the commission meeting, Eric Sandler, Assistant General Manager for Business Services and CFO, presented the PUC's second-quarter financial report. Sandler said the water enterprise projects sales of 174 million gallons per day — about 20 MGD below the adopted budget — and estimated a revenue shortfall of about $50.5 million, largely driven by…
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