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PUC: Sewer program could push household bills higher; staff shows levers to limit rate shock
Summary
PUC staff presented scenarios for financing the SSIP showing a midrange $6 billion program could raise combined water/wastewater household bills from about $83 toward roughly $250 over the long term without policy choices; staff outlined options to smooth or defer costs.
PUC finance staff presented modeling at the July 27 meeting showing how sequencing, borrowing costs and policy choices affect household utility bills under the proposed Sewer System Improvement Program.
Todd Reedstrom, assistant general manager and CFO, laid out a range of scenarios that combine a planned cash program, additional R&R, and bond‑funded SSIP work. Staff estimated the total SSIP range at $5.6 billion to $6.8 billion over 30 years and illustrated how borrowing at a conservative long‑term rate (5%) or at lower rates (4%) changes…
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