Page 29 - Risk Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Contingency required to cover the additional risk. I just want to make sure you heard you correctly you said only covering 65 percent with our current budgeted these are things that may happen or may not happen so we run an analysis to get the probability of how much of the list budget we think might need to be used. So you dont think well have enough money . Thats not what im saying. So actually were 65 percent confident that the remaining contingency will cover the remaining construction risk in the program. Thats not very comforting that you are 65 percent confidence id like to hear that yo...

65 percent would be an appropriate level for where we stand today. Certainly it is a policy call and so as the policy component of our organization if you would like us to revisit that 65 percent we would certainly be willing to do that but this is what we believe to be the best but if theres concern over 65 percent and a desire to go with a higher contingency profile certainly we would do that. I think i want to add i want to thank commissioner torres i think the conversation is valuable and then your response about whether or not we want to take a long hard look at that policy but i want to ...

Awful lot of sense but i think we have to get staff. Its now what . May 13th . And so the meeting is in 14 days i think we have to really give staff an opportunity to present on key Critical Issues that were dealing with. Commissioner moran . Thank you one thing that occurs to me is that we often think about the provision of hetch hetchy power as a cost benefit the fact is we also provide assistance to city departments to minimize their consumption and above and beyond the rates that we provide to the citys departments. Thank you commissioner moran so at this point im going to ask that the gen...

[laughter]. And you also dont want to tell your contractor that just in case you have another hundred thousand tucked away in in a corner. So to cover a hundred percent of it we think would be inappropriate but we also think 50 percent is too low, 65 seems appropriate. Before you start again so the will of the body is we want a short memorandum and once we receive that memorandum well discuss whether we want to revisit or change or delete or leave it as is is that our will . I dont think its a Commission Policy more a policy as it relates to industry type of practice when you are doing a progr...

How were going to get to where we need to go. Water conservation. How long is this meeting . 13 hours . [laughter] no. The conversation should take place in the public we should encourage everybody to attend if theres nothing further to add at this point ill go ahead and call for public comment. Commissioners are we okay . Yes Vice President king. I just wanted to backtrack to when we initially came up with this idea there was something that prompted it and what was it . Food waste. What . Or financial yeah. Okay and so this meeting was going to take place february . Yeah. So its a long time c...