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SFPUC adopts 10-year financial plan and two-year budgets, approves rates policy and calendars wholesale-rate hearing
Summary
The commission adopted a revised 10-year financial plan and two-year operating and capital budgets, adopted a rates policy, and set a May 20 hearing for wholesale water contract rates; staff models assume a $50 million wholesale repayment and project a reduced near-term retail rate increase scenario.
The San Francisco Public Utilities Commission on Feb. 14 adopted a revised 10-year financial plan (FY 2012–13 through FY 2021–22), two-year operating and capital budgets (FY 2012–13 and FY 2013–14), approved a rates policy and calendared a public hearing for wholesale water contract rates on May 20, 2012.
Deputy CFO Charles Pearl presented the financial-plan assumptions: a 5% borrowing cost assumption for new debt, a 3% general inflation assumption, and improved water-sales projections that modestly reduced near-term…
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