The San Francisco Public Utilities Commission, in approving its staff proposed revisions to project schedules and funding, unanimoulsly adopted BAWSCA’s recommendations. Commission Moran stated, “…the points made were constructive and useful…I move that we amend the resolution to include adoption of the recommendations included in teh letter from BAWSCA.” Click here for a copy of BAWSCA’s comment letter, dated January 16, 2013.
The bond transaction and the payment program will generate approximately $ 62.3 million in net present value savings over the term of the bonds, or about 17% of the outstanding debt expected to be prepaid.
BAWSCA Agencies and San Francisco amend the Water Supply Agreement to give them a vote before San Francisco could drain Hetch Hetchy Reservoir.
BAWSCA initiated negotiations with San Francisco drafted the amendment. San Francisco voters defeated a ballot measure in November 2012 that would have required San Francisco to prepare a plan for emptying the reservoir.
Although that measure failed by a wide margin, the both proponents and opponents of the idea acknowledge that the issue will not die.
Art Jensen, BAWSCA’s CEO said, “Because water customers outside San Francisco use two-thirds of the water produced by the San Francisco Regional Water System, and pay two-thirds of the costs, they must have a vote on whether any plan is acceptable to them.
SFPUC Commissioner Anson Moran said before the Commission approved the amendment, “… by the nature of our system, there are interests that are not fully represented by the elected representatives of San Francisco. … I think this amendment fixes that problem. And it fixes it in a way that’s under our control, and that is, we believe, acceptable to BAWSCA.”
As of April 18th, the governing bodies of all of the BAWSCA agencies had approved the amendment.