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Committee advances $1.7 billion water-system bond authorization and WSIP update
Summary
The Public Utilities Commission updated the committee on the Water System Improvement Program and asked the committee to appropriate and authorize up to $1.7 billion in bonds for WSIP and related capital; analysts recommended reserves for large projects and inclusion of financing costs for the advanced-metering work.
The Budget and Finance Committee heard a program update on the Water System Improvement Program (WSIP) from Julie Labonte, WSIP director, and Todd Rystrom, PUC CFO/assistant general manager. Labonte traced major scope and budget changes since the program's early planning (2003), citing additions such as a Bay Division pipeline tunnel and expanded alternative water-supply projects that raised the approved program budget. She reported program status across local and regional projects (many projects in design or…
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