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Committee extends SFPUC revenue-bond oversight committee through 2025
Summary
Supervisors voted to extend the SFPUC Revenue Bond Oversight Committee—s sunset to Jan. 1, 2025 and added a provision noting anticipated bonded indebtedness for power enterprise capital improvements; PUC representatives supported the extension.
The committee approved an amendment and forwarded an ordinance to extend the sunset of the San Francisco Public Utilities Commission—s Revenue Bond Oversight Committee to Jan. 1, 2025. Supervisor Aaron Peskin proposed adding a non-substantive subsection to acknowledge that the PUC expects to issue revenue bonds to finance capital improvements for the power enterprise; PUC staff said they support continued oversight and transparency for ratepayers.
The committee accepted the amendment and voted to forward the amended ordinance to the full board with a positive recommendation.
