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SFPUC reports stronger water and wastewater revenues, approves $500 million commercial paper authorization
Summary
SFPUC staff said retail water sales rose 5% and wholesale sales nearly 7%; reserves exceed $300 million (Water), $80 million (Wastewater) and $52 million (Hetch Hetchy). The commission authorized a $500 million combined commercial paper program for the water enterprise by voice vote.
The San Francisco Public Utilities Commission heard a quarterly pre‑audit financial update from Assistant General Manager and CFO Todd Wheatstrom showing stronger than budgeted water and wastewater revenue and healthy reserves across enterprises.
Wheatstrom told the commission retail water sales were up about 5% and wholesale sales nearly 7% relative to budget, and that…
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