Business plan is that right now for new facilities, distribution, stuff that we cant fund through Revenue Bonds, we have to pay cash. And so this gives us a vehicle to debt finance using our revenue. And so we are unable to do that on any new facilities. So, that was the thinking of trying to make the power enterprise. We always had the ability for clean power, not cleanpowersf, but clean power, we have that authority already. But as barbara and they have said, we are separating the business units, or we have hechi and we want clean power to stand on its own. So we started having clean power, you know, at a really relied on the power enterprise and initiation or the start, but now we have it where its true and not codependent, so we want to continue that. Right. I understand that. I just was surprised to first learn about the power Revenue Bonds charter amendment, you know, at a board meeting, frankly. This is the first ive had it explained. I approach appreciate it. I have a number of
Good afternoon. It is now 1 05 p. M. This is the regular meeting of the commission of Community Investment and infrastructure. The Successor Agency commission to the San Francisco Redevelopment Agency for tuesday, february 20, 2018. Welcome to members of the public. Madame secretary, please call the first item. Thank you, madame chair. The first order of business is item one, role call. Commission members, please respond when i call your name. [roll call] all members of the commission are present. The next order of business is item two announcements. A, the next regularly scheduled meeting will be held on march 6, 2018 at 1 00 p. M. At city hall room 416. Please be advised that the ring of and use of cell phone, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any persons responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electro
Members of the public that wish to address the commission fill out a speaker card and submit the completed card to the commission secretary. The next order of business is item three, report on actions taken at a previous closed session meeting, if any. There are no reportable actions. The next order of business is item four, matters of unfinished business. There were no matters of unfinished business. The next order of business is item five. Mares of new business consisting of con sent and regular agenda. First, the Consent Agenda 5a, approval of minutes, regular meeting of january 16, 2018. Madame chair . Madame secretary, do you have any speaker cards for these items . I have one. Ace washington. We have a month in the year, i think theyre still shortchanged as they give us the shortest month of the year. What do you think about that . Thats not to say what this agency, dont take it personally, please. But i want yall to hear me. I wish i could get on my knees. I might have to do tha
Update that well provide you in march. With that, im happy to take any questions. I have a question. How are we going to absorb the 27 reduction in revenues . The programme has sufficient reserves to cover this. And as i mentioned, it is about 137,000 on an annualized basis so our programme reserves will be sufficient for that. Like i said, well when we adjust rates for the upcoming fiscal year, well make sure to look at both green rates and super green rates to see if they need to be adjusted based on the rate proposal from pg e. Ok. Something that comes to me, i can see this spiral going that we have to always stay competitive to pg e. But theyre larger and bigger and i just would like to have your feelings in terms of the future and how we can withstand these reductions. Yeah. I think that this will be something that well need to take a look at as were working on the next set of rated adjustments for basic green power. We need to make sure that it will be very competitive. We contin
Item two announcements. A, the next regularly scheduled meeting will be held on march 6, 2018 at 1 00 p. M. At city hall room 416. Please be advised that the ring of and use of cell phone, pagers and similar soundproducing Electronic Devices are prohibited at this meeting. Please be advised that the chair may order the removal from the meeting room of any persons responsible for the ringing of or use of a cell phone, pager, or other similar soundproducing electronic device. C, announcement of time allotment for Public Comments. Please be advised that the member of public has three minutes to make pertinent Public Comments on each agenda item unless the Commission Adopts a shorter period on any item. It is strongly recommended that members of the public that wish to address the commission fill out a speaker card and submit the completed card to the commission secretary. The next order of business is item three, report on actions taken at a previous closed session meeting, if any. There