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Committee approves release of $800,000 in PUC reserves for Hetch Hetchy maintenance projects
Summary
The committee approved forwarding to the Board a request from the Public Utilities Commission to release an $800,000 reserve for Hetch Hetchy facility maintenance, citing prior spending from the reserve and upcoming capital needs for roads, telecommunications and rights-of-way.
Charles Pearl, deputy chief financial officer for the Public Utilities Commission, asked the committee to release an $800,000 reserve that had been placed three years earlier against Hetch Hetchy facility maintenance funds. Pearl said about $4.5 million from the prior project has already been spent and the funds are needed to continue projects such as facility maintenance, telecommunications, roads and rights-of-way. He said the PUC would request additional funds during upcoming budget deliberations.
The Budget Analysis office recommended approval. After a brief public comment urging the release for maintenance work, the committee moved forward to release the $800,000 reserve and forward that recommendation to the full Board.
Next steps: The item will be forwarded with the committee recommendation for Board action during the usual budget or consent processes.
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