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PUC asks supervisors to authorize major bonds and seed sewer program as committee presses for rate clarity

Budget and Finance Full Committee, San Francisco Board of Supervisors · May 24, 2012
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Summary

SFPUC presented a capital-heavy two‑year budget and multiple bond authorizations tied to water, power and a new Sewer System Improvement Program (SSIP). The commission asked supervisors to authorize appropriations and bond sales while noting potential rate impacts and proposing a reserve for part of the wastewater appropriation pending further planning.

The San Francisco Public Utilities Commission told the Board of Supervisors’ Budget and Finance Committee on May 1 that it is seeking multi‑year capital authority and revenue bond authorizations to advance water, wastewater and power projects and to seed a new Sewer System Improvement Program.

Ed Harrington, general manager of the SFPUC, said the commission put forward a multiyear rate package and is trying to maintain ratepayer affordability while funding major infrastructure: the commission reported roughly 20 major water projects under construction (about $2.5 billion) and identified the sewer program as the next large investment area. "We have 2 years left [in the rate plan] ... our revenues are down," Harrington said, and urged careful planning for the coming multi‑billion-dollar program.

Todd (PUC chief financial…

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