Presented herewith are the FY 2003-04 operating and capital project budgets for the Hetch Hetchy Enterprise as recommended by the San Francisco Public Utilities Commission and approved by the Mayor and the Board of Supervisors.
Revenues to support the operating and capital budgets are projected at $130.5 million. This includes $108.5 million from the sale of power and energy, $19 million from the sale of water, $1.7 million from interest income, and $1.3 million in miscellaneous income.
The FY 2003-04 operating budget totals $106.9 million, an increase of $5.2 million over last year’s budget of $101.7 million. The increase is primarily for the Purchase of Power budget to reflect additional power purchases needed during the Priest Bypass shutdown, which will reduce power generation. Several of the new programs are listed below:
- Reliability & Security of Existing & New Systems, Facilities & Equipment supports staffing levels to ensure scheduled preventative maintenance of the aging and deteriorating water and power systems (ten new positions).
- Energy Regulatory Analysis Staffing adds staff for analytical and technical support on matters involving energy regulatory proceedings before Federal Energy Regulatory Commission and California Public Utilities Commission (one new position).
- SF Engineering supports staffing levels needed to provide new and modified electric service connections to City departments (one new off-budget position).
- Overtime for Powerhouse Operators reflects required overtime during the hiring and training process of new powerhouse operators.
Hetch Hetchy’s capital projects of $38.9 million support Hetchy’s infrastructure and assure the availability, conveyance and storage of water and power generation. The budget includes $5.2 million to continue to support the Mayor’s Energy Conservation Account, and a $1.3 million appropriation for solar projects.
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