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SFPUC adopts FY16 wholesale water rates; proposed $3.75 per unit reflects 28% increase
San Francisco Public Utilities Commission · May 12, 2015
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Summary
The commission approved a FY16 wholesale water revenue requirement that yields a proposed wholesale rate of $3.75 per unit (roughly a 28% increase), driven largely by higher debt service; staff said the revenue requirement to collect is about $243 million for the coming year.
The commission voted to adopt the fiscal 2016 wholesale water revenue requirement and rate schedule at its May 12 meeting.
Interim CFO Charles Pearl explained the proposed revenue requirement — roughly $243 million — and walked commissioners through how a lower delivery volume in the current…
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