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PUC presents fiscal-2013 wholesale rate plan, schedules public hearing

San Francisco Public Utilities Commission · April 24, 2012

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Summary

Deputy CFO presented a conservative wholesale water-delivery assumption of 137 MGD for FY2013 rates, projecting an 11.4% increase driven by debt-service needs and scheduling a public hearing in two weeks for final action.

The commission received a staff presentation on proposed wholesale water rates for fiscal year 2013 and scheduled a public hearing for two weeks hence.

Deputy CFO Charles Perland said staff recommends using a conservative delivery assumption of 137 million gallons per day for calculating wholesale unit rates and advised against keeping a midyear rate-trigger mechanism. He said lower-than-expected deliveries this year produced about $3.7 million in revenue shortfall but that one-time items have offset the gap and enterprise finances remain manageable.

Perland said debt service and repayment of pre-2009 assets are the primary drivers of the wholesale revenue requirement, and staff projects a roughly 11.4% rate change for FY13; the plan includes multi-year projections and a long-term goal of flattening increases once debt is repaid. Wholesale customers were given a 60-day comment period, and several written comments and emails were appended to the staff packet.

Art Jensen (BAWSCA) addressed commissioners in support of staff’s approach to conservative planning. The commission did not vote on rates; a public hearing and action are scheduled at the next meeting.