Page 20 - Service Study News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 ...

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 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...

Which would we have to make a decision on, what information would we need to be queued up to more deeply explore those two options . Were developing that information for you now so we hope to come back a couple meetings from now and start having a discussion what it would look like. When you have a discussion about rate structures you need to look at what are all the options available to you and balance that against you just mentioned, theres a belief that theres a conservation rate, a volume metric rate people use less therefore they save more. On the other hand theres a 24 7 cost to doing th...

Of level of Service Achievement on the seismic reliability goal. By the end of this goal well be more like 90 percent, which is a major accomplishment and of course we wont reach final until 2018. Then thank you, commissioner, for acknowledging the safety rate with a rate at less than half the industrial average. We went out to the field and issued certificates to the active construction teams and there are some happy faces and proud moments for those folks because this is a major accomplishment, including the construction teams consisting of the contractor personnel, the Construction Manageme...