Page 49 - Plan Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Your revenue funded service. The commission has only taken action on phase i, but we have included in all of our projections here if there were an approval on phase ii and phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rate changes once you look at both of them combined are going from what we had told you last year of right around 10 percent to between 10 and 12 percent a year. Again we will bring these rate changes back to you in the next 2 to 3 years once we have our re...

Have gone up by 2 to 3 percent each year. Here is the average bill, the pronouncement again is much smaller again because water consumption assumption has gone down. Interesting again just the components of the sewer bill. You have your 24 7 operations, your revenue funded service. The commission has only taken action on phase i, but we have included in all of our projections here if there were an approval on phase ii and phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rat...

The average bill goes down. You will see in the far right column compared to 3 years ago and the second to the right column compared to last year folks are using between 5. 2 and 5 1 2 units per month, that has translated into lower costs for them. Thats an important point to make. Even though there are higher rates that were projecting in later years, that is currently being offset with lower useusage. I have a question on that. So the refunding of the bonds thats going to happen, will that affect these numbers yet again . We have included an assumption. The actual data from the actual sale w...

Phase iii just so you know phase ii and phase iii are included in our cost projection. Heres the combined story. The combined story again is water and sewer together, the rate changes once you look at both of them combined are going from what we had told you last year of right around 10 percent to between 10 and 12 percent a year. Again we will bring these rate changes back to you in the next 2 to 3 years once we have our retail cost of Service Study and in the interim period between now and then we will work on bringing these rate changes down as much as we possibly can. That was the rate sid...

Organization and rate payers money. In 2012 a couple years ago we received the authorization to refund up to 500 million in bonds from the board of supervisors. We used a little bit of that in that year, 2012, so we are coming forward to you today to use the rest of that existing authorization. So what were proposing is to request from you an approval of to refund up to 450 Million Dollars of outstanding bonds. We look forward to bringing that to the market probably next month in march. They will be tax exempt bonds and right now were looking at Interest Rates of around 2. 7 percent for those ...