SFPUC adopts budget fixes, reprograms CCA funds and approves Hetch Hetchy 10‑year plans

The San Francisco Public Utilities Commission on May 13 adopted revised 10‑year financial and capital plans for Hetch Hetchy and approved a set of budget changes the mayor proposed to close a previously projected 10‑year shortfall.

Commissioners voted to accept a package of measures that includes increasing the general‑fund power rate revenue assumption (from a 0.5¢ to a 1¢ annual increase over two years in the near‑term scenario), reprogramming $19,500,000 set aside for a Clean Power Authority (CCA), and adding mayoral funding for the GoSolar SF program and an emergency Lower Cherry Aqueduct rehabilitation. The package also contains roughly $155 million in 10‑year capital cuts and deferrals staff identified as least risky in the near term.

Staff said the mayor’s changes and program cuts move the commission from a roughly $500 million projected shortfall over 10 years to balanced scenarios in the planning horizon, provided additional savings or revenue assumptions are realized. Todd Rechtstrom, Assistant General Manager and CFO, told the commission the package combines revenues…