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HomeMy WebLinkAboutStaff Report 203-07BUDGET ’07-’09 City of Palo Alto Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES ATTENTION:FINANCE COMMITTEE DATE: SUBJECT: APRIL 17, 2007 CMR: 203:07 UTILITIES ADVISORY COMMISSION RECOMMENDATION TO APPROVE A RESOLUTION ADOPTING A WATER RATE INCREASE FOR FISCAL YEAR 2007-08, AND STAFF RECOMMENDATION TO APPROVE, IN CONCEPT, THE ADOPTION OF A WATER RATE INCREASE FOR FISCAL YEAR 2008-09 RECOMMENDATION Staff and the Utilities Advisory Commission (UAC) recormnend that the City Council adopt the attached resolution to: (a)Approve a 10 percent increase to water retail rat~s, for Fiscal Year (FY) 2007-08, effective July 1, 2007, which will increase annual revenue by $2.2 million; (b) Approve the changes to the Water Utility Rate Schedules, as attached; (c)Approve the discontinuance of the current discounted rate for commercial, industrial and institutional irrigation customers; and, (d)Approve a monthly "Custolner Charge" for all customer classes, irrespective of their monthly water consumption, in order to collect a portion of the utility’s fixed operating costs. In addition, for biemfial budgeting purposes, staff recommends : (e)Approval, in concept, of a 10 percent average system water rate increase for FY 2008- 09, which will increase amaual revenue by an additional $2.5 million. DISCUSSION The City Council approved a 7 percent retail water revenue increase for FY 2006-07. During the budget process, staff informed the Council that if water sales remained flat or declined, or if there was a rise in wholesale water purchase costs from San Francisco Public Utility CMR:203:07 Page 1 of 4 Commission (SFPUC), a rate increase could become necessary. The Water Utility sales levels for Fiscal Year 2006-07 have remained flat, and projections for Fiscal Year 2007-08 and beyond assume the same. In addition, operating costs and wholesale supply costs fi~om SFPUC are increasing. Staff is recommending a 10 percent water rate increase for FY 2007-08 and a 10 percent increase for FY 2008-09. These increases represent annual revenue increases of $2.2 million and $2.5 million respectively. Staff will evaluate the necessity of the 10 percent increase for FY 2008-09 during the budget process. The key driving factors for this rate increase is the decrease in sales volume, increases in the wholesale water rates from San Francisco Public Utilities Commission (SFPUC), and the increase in operating costs as stated in attached Utilities Advisory Commission report. Customer Charge Staff recommends the introduction of the monthly "Customer Charge" to collect some of the fixed customer costs not currently being recovered from low consumption users. This charge includes costs such as meter reading, billing and other administrative costs. A monthly "Meter Charge" was discontinued in July 2003. However, as sales volumes decline or fluctuate with weather patterns, the currently used "volumetric pricing" methodology results in uneven revenue streams. It also results in artificial and unfair subsidization of low volume water users. The monthly "Customer Charge" will achieve greater equity among customer classes and provides stability in recovering some of the fixed costs. A state survey of other water utilities, conducted by the California Municipal Utilities Association, indicates that most California water utilities have a fixed monthly meter or customer charge. The expected annual revenue which would be collected from the proposed monthly "Customer Charge" is approximately $1.6 million. To avoid a sudden negative financial impact on the smaller water user, staff recommends that the "Customer Charge" be initially set at a level that does not fully collect all customer-associated fixed costs, but will increase over time to a fully allocated level. For example, a $5 monthly charge is proposed for most residential customers, which represents 48 percent of the fully allocated monthly customer costs based on the cost-of-service study of $10.40. For large customers, the monthly "Customer Charge" will be based on meter size, and be fully allocated among commercial customers effective July 1, 2007. The Customer Charge will range from $5 for the 5/8 inch meter to $383.67 for the 8 inch and 10 inch meters. With the approval of the proposed 10 percent increase, the Water Rate Stabilization Reserve (W- RSR) balance is projected to be $12.4 million by the end of FY 2007-08 or $200,000 above the Maximum Guideline level approved by Council. This $12.4 million includes $8.5 million in funds returning from closed CIP projects. This amount would be used to provide partial funding for the City’s Emergency Water Supply project starting in FY 2008-09. The project is expected to cost approximately $40 million in total. With the proposed Fiscal Year 2008-09 rate increase, the W-RSR balance at the end of FY 2008-09, is expected to be $3.4 million, which is slightly CMR:203:07 Page 2 of 4 below the Minimum Guideline level and below the Risk Assessment level of $3.6 million by $2O0,0O0. Proposition 218 Notice The City must give written notice to owners whose parcels will be subject to a new or increased water, sewer, or refuse utility rate before any such new or increased rate can be imposed. A public hearing on the new or increased rate must be held not less than 45 days after the mailing of notice to the affected owners. At the hearing, the Council must consider written protests against the imposition of any such new or increased rate. If a majority of the owners do object, the new or increased rate may not be imposed. Because property ownership is deemed to include tenancies in property where tenants are directly liable to pay for such utility service, the notice must be sent to tenants. A pending bill (AB 1260) would clarify that notice should be sent only to customers (whether owners or tenants) who receive the utility services. UTILITIES ADVISORY COMMISSION REVIEW AND RECOMMENDATIONS On April 4, 2007, the UAC voted 4 to 0, with one absent, to recommend that the City Council: (a) Approve a 10 percent increase to water retail rates, for Fiscal Year (FY) 2007-08, effective July 1, 2007, which will increase annual revenue by $2.2 million; (b) Approve the discontinuance of the current discounted rate for commercial, industrial and institutional irrigation customers; and, (c) Approve a monthly "Customer Charge" for all customer classes, irrespective of their monthly water consumption, in order to collect a portion of the utility’s fixed operating costs. The UAC voted to withhold recommending approval, in concept, of a 10 percent average system water rate increase, or $2.5 million revenue increase, for Fiscal Year 2008-09, due to the fact that future costs are too uncertain at the present time and wait for next year budget process to evaluate the necessary rate increase. ALTERNATIVES Staff evaluated the impact of alternative rate proposals to the proposed 10 percent increase for FY 2007-08. Any smaller rate increase would require reducing some combination of the operating budget, Capital Improvement Program (CIP), or depleting the W-RSR. Reducing the operating budget would negatively impact ongoing system maintenance, increase system water losses and lead to higher capital costs. Reducing the CIP would hinder water main replacement projects, where the infrastructure has exceeded its system design life. Withdrawals from the W- RSR are not recommended, since even the proposed rate increase will result in the reserve balance to be below both the Minimum Guideline level and the Risk Assessment target following allocation of reserve funds to the Emergency Water Supply Project. Any combination of alternatives would also result in a much higher rate increase recommendation for FY 2008-09. CMR:203:07 Page 3 of 4 RESOURCE IMPACT Approval of this 10 percent rate increase will raise the Water Fund revenues by approximately $2.2 million for FY 2007-08. The "approve, in concept" 10 percent rate increase in FY 2008-09 will increase revenues by $2.5 million, and will slightly increase the funding of the W-RSR and bring its balance to the Minimum Guideline level approved by the Council of $5.9 million by FY 2009-10. POLICY IMPLICATIONS This proposed rate increase meets the Utilities Strategic Plan objective of providing superior financial performance to the City and investing in utilities infrastructure to deliver reliable service. These recommendations do not represent a change in current City policies. ENVIRONMENTAL REVIEW The adoption of the resolution does not constitute a project under the California Enviromnental Quality Act. Therefore, no environmental assessment is required. ATTACHMENTS A: B. C. D. Resolution Water Rate Schedules W-l, W-2, W-4, and W-7 Report to the UAC from its April 4, 2007 meeting: Proposed Water Rate Increase Minutes of the UAC meeting of April 4, 2007 PREPARED BY: DEPARTMENT HEAD: CITY MANAGER APPROVAL: LUCIE HIRMINA Utilities Rates Manager TOM AUZENNE Assistant Director Customer Support Services VALERIE O. FONG Director o~tilities _ Assistant City Manager CMR:203:07 Page 4 of 4 NOT YET APPROVED ATTACHMENT A RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING UTILITY RATE SCHEDULES W-l, W-2, W-4, AND W-7 OF THE CITY OF PALO ALTO UTILITIES RATES AND CHARGES PERTAINING TO WATER RATES The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-1 (General Residential Water Service) is hereby amended to read in accordance with sheet W-l-l, attached hereto and incorporate herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2007. SECTION 2. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-2 (Water Service from Fire Hydrants) is hereby amended to read in accordance with sheet W-2-1, attached hereto and incorporate herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2007. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-4 (General Non-Residential Water Service) is hereby amended to read in accordance with sheet W-4-1, attached hereto and incorporate herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2007. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-7 (Irrigation Water Service) is hereby amended to read in accordance with sheet W-7-1, attached hereto and incorporate herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2007. SECTION 5. The Council finds that the revenue derived from the authorized adoption enumerated herein shall be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. // // // // // // // // 070405jb 0072854 NOT YET APPROVED SECTION 6. The Council finds that the adoption of this resolution does not constitute a project under the California Environmental Quality Act, California Public Resources Code section ~21080, subdivision (b)(8). INTRODUCED AND PASSED: AYES: NOES: ABSENT: AB S TENTIONS: ATTEST: City Clerk APPROVED AS TO FORM: Mayor APPROVED: City Attorney City Manager Director of Utilities Director of Administrative Services 070405jb 0072854 ATTACHMENT B No GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W- 1 APPLICABILITY: This schedule applies to all residential single family water service. TERRITORY: Inside and outside the incorporated limits of the City of Palo Alto and land owned or leased by the City. RATES: Monthly Customer Charge: Per Meter Per Month For 5/8-inch meter For 3/4 inch meter For 1 inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter ........................................................................................................... $5.00 ...........................................................................................................5.00 ...........................................................................................................12.27 ................................................. ’ ..........................................................19.37 ...........................................................................................................77.65 ...........................................................................................................130.60 ...........................................................................................................260.43 ...........................................................................................................383.67 ...........................................................................................................383.67 Commodity Rate: (To be added Customer Charge and applicable to all pressure zones.) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones First 7 Ccf Over 7 Ccf .................................................................................................. ~ ....................$3.949 ....................................................................................................................... 4.510 Temporary unmetered service to residential subdivision developers, per connection .......................................................................$6.00 tend} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-’l-’l dated 7-~1-2006 CITY OF PALO ALTO UTILITIES Effective 7-1-2007 Sheet No. W-l-1 WATER SERVICE FROM FIRE HYDRANTS UTILITY RATE SCHEDULE W-2 A. APPLICABILITY: This schedule applies to all water taken from fire hydrants for construction, maintenance, and other uses in conformance with provisions of a Hydrant Meter Permit. B. TERRITORY: Co Within the water service area of the City of Palo Alto. RATES: 1. Monthly Customer Charge. METER SIZE 5/8 inch ..........................................................................................................................50.00 3 inch ..........................................................................................................................125.00 2. Commodity Rate: (per hundred cubic feet) ............: ......................................................$4.34 D. SPECIAL NOTES: ° Monthly charges shall include the applicable monthly customer charge in addition to usage billed at the commodity rate. Any applicant using a hydrant without obtaining a Hydrant Meter Permit or any permittee using a hydrant without a Hydrant Meter Permit shall pay a fee of $50.00 for each day of such use in addition to all other costs and fees provided in this schedule. A hydrant permit may be denied or revoked for failure to pay such fee. o A meter deposit of $750.00 may be charged any applicant for a Hydrant Meter Permit as a prerequisite to the issuance of a permit and meter(s). A charge of $50.00 per day will be added for delinquent return of hydrant meters. A fee will be charged for any meter returned with missing or damaged parts. o Any person or company using a fire hydrant as described in D. 1 above or who draws water from a hydrant without a meter installed and properly recording usage shall, in addition to all other applicable charges be subject to criminal prosecution pursuant to the Palo Alto Municipal Code. CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-2-1 dated 7-1-2006 Effective 7-1-2007 Sheet No. W-2-1 No Co GENERAL NON-RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-4 APPLICABILITY: This schedule applies to non-residential water service in the City of Palo Alto and its distribution area. This schedule is also applicable to multi-family residential customers served through a master meter. TERRITORY: Inside the incorporated limits of the City of Palo Alto, on land owned or leased by the City, and any other land serviced by the Palo Alto Water Utility. RATES: Monthly Customer Charge Per Meter Per Month For 5/8-inch meter For 3/4-inch meter For 1-inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter ............................................................................................... $5.00 ...............................................................................................5.00 .......................................................................................... : ....6.50 ...............................................................................................12.27 ...............................................................................................19.37 ......................................................................... " ......................77.65 ...............................................................................................130.60 ...............................................................................................260.43 .................................................... : ..........................................383.67 ...............................................................................................383.67 Commodity Rates: (to be added to Customer Charge) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones Per Ccf ....................................................................................................................... $4.341 {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-4-1 dated 7-%2006 CITY OF PALO ALTO UTILITIES Effective 7-1-2007 Sheet No. W-4-1 Ao go Co IRRIGATION WATER SERVICE UTILITY RATE SCHEDULE W-7 APPLICABILITY: This schedule applies to non-residential water service supplying dedicated irrigation meters in the City of Palo Alto and its distribution area. TERRITORY: Inside the incorporated limits of the City of Palo Alto, on land owned or leased by the City, and any other land serviced by the Palo Alto Water Utility. RATES: Monthly Customer Charge Per Meter Per Month For 5/8-inch meter For 3/4-inch meter For 1-inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter ............................................................................................... $5.00 ...............................................................................................5.00 ...............................................................................................6.50 ...............................................................................................12.27 ...............................................................................................19.37 .......................................................................................... : ....77.65 ...............................................................................................130.60 ...............................................................................................260.43 ...............................................................................................383.67 ................................................... ............................................383.67 Commodi .ty Rates: ()o be added to Customer Charge) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones Per Ccf ........................................................ : ..............................................................$4.341 {End} CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-7-1 dated 7-1-2006 , CITY OF PALO ALTO UTILITIES Effective 7-1-2007 Sheet No. W-7-1 ATTACHMENT C MEMORANDUM 3 TO:UTILITIES ADVISORY COMMISSION FROM:UTILITIES DEPARTMENT DATE:APRIL 4, 2007 SUBJECT: RECOMMENDED FY 2007-08 WATER RATE INCREASE RECOMMENDATION This report requests that the Utilities Advisory Commission (UAC) recommend that the City Council: a) Approve a 10 percent retail water rate, or $2.2 million revenue, increase effective July 1, 2007; b) A?larove, in conce~pt, anotl~er I0 p,~rcent retail water rate or $2.5 million revenue increase, for FY 2008-09; c) Approve the discontinuance of the current discounted rate for commercial, industrial and institutional irrigation customers; and d) Initiate a monthly "Customer Charge" for all customer classes designed to collect a reasonable portion of the utility’s non-variable operating costs. This customer charge will be fixed and will not be related to volume of water Used. Imposing both the rate increase and customer charge will trigger Proposition 218’s notice and protest hearing procedures. BACKGROUND The Water Fund’s revenue requirement consists of a number of components including: wholesale water cost, distribution system operations, Capital Improvement Program (CIP) projects, funding of the Water Rate Stabilization Reserve (W-RSR) and the Emergency Plant Replacement Reserve (EPRR), and debt service. Any change in one or more of these components, or a change in retail sales levels, can triggel~ the need for a rate adjustment. During the budget process, staff forecasts customer revenues and utility expenses in order to quantify the ammal revenue requirement. Changes to forecasted revenues or expenses are reflected in adjustments during the midyear budget process. In FY 2005-06, as part of the mid-year budget adjustments, staff reduced the water budget revenue by $2.6 million, based on water sales-to-date, which were 12.9 percent below the original budget projections. The lower sales level for FY 2005-06 stemmed from a reduction in water usage, especially irrigation water, as a result of above average rainfall and ongoing water Page 1 of 6 efficiency impacts. Since water rates have been volumetrically-based for the last few years, changes in rainfall patterns have had significant impacts on Water Fund revenue. After the adoption of the City of Palo Alto Budget for FY 2006-07, the San Francisco Public Utilities Commission (SFPUC) increased its wholesale v~ater rates. A budget adjustment increasing the wholesale supply costs by approximately $800,000 to account for the increase in wholesale water rates was made as part of the midyear budget process. Since retail rates had already been set and implemented, this additional expense was funded from the W-RSR. During the FY 2006-07 budget process, a 7 percent revenue increase was proposed by the Utilities Department and approved by the City Council. That revenue increase was not sufficient to bring the W-RSR balance above the Minimum Guideline approved by the City Council. However, to avoid a larger rate increase, the decision was made to slowly fund the reserve until it reached the Minimum Guideline Level iri FY 2010-11, unless there was a need to accelerate that schedule. The Minimum Guideline will be $4.9 million for FY 2007-08. DISCUSSION Revenues, Expenses and Reserves The Water Utility continues to experience declining sales levels due to efficiency improvements and certain large customers leaving the system. At the same time, there have been increased wholesale supply, operating and CIP costs. There have also been unanticipated costs related to retiree medical liabilities and Workers’ Compensation..These impacts have resulted in withdrawal of funds from the W-RSR during ~¥ 2006-07, leaving the W-RSR balance below the Minimum Guideline Level. The SFPUC has indicated that wholesale water costs may increase in FY 2007-08, but, since the SFPUC’s budget process runs later in the year than Palo Alto’s, the SFPUC’s final adopted rates are not currently known and may substantially differ from early projections. Due to the continuing trend of declining water sales, revenue forecasts for FY 2007-08 and beyond have been adjusted down to match this pattern. CIP expenses are projected to be $1.1 million greater in FY 2007-08 than FY 2006-07. After the proposed 10% rate increase, the W-RSR balance is forecast to be $12.4 million at the end of FY 2007-08. This includes an $8.5 million return from the FY 2006-07 CIP budget to the W-RSR. The $8.5 million represents the close out of various individual CIP projects which are elements of the City’s Emergency Water Supply and Storage Project. The Emergency Water Supply and Storage Project is estimated to cost roughly $40 million with expenditures beginning in FY 2007-08. Utilities staff is worldng with the Administrative Services Department to explore utility revenue bond financing necessary to fund the Emergency Water Supply and Storage Project. The projected W-RSR balance at the end of FY 2007-08, will be above both the target level established by the "Annual Risk Assessment for Reserves", and the Maximum Guideline Level approved by Council due to the temporary infusion of $8.5 million from closed CI~ projects. Assuming retail rates are increased 10% for FY 2008-09, the W-RSR balance at the end of FY 2008-09 is forecast to be $3.4 million or $200,000 below the Minimum Guideline Level for that Page 2 of 6 year. Staff Will reassess the Water Utility risks, revenues and reserve levels for FY 2008-09 during the budget process for that fiscal year. Customer Charge Until the end of FY 2002-03, all water rate schedules included a monthly meter charge based on lneter size. The meter charge was designed to recover a portion of the fixed costs of serving the customers including meter reading, accounting costs and administrative costs. In June 2003, staff recommended, and the City Council approved, the discontinuance of the monthly meter charge and a change in the Water Utility pricing policy to collect revenues from all customer classes through pure volumetric pricing. (CMR:267:03). The objective at that time was to encourage customer water efficiency and avoid potential conflicts with California’s Proposition 218. In FY 2002-03, the revenue collected from the meter charge was approximately $1 million, or five percent of the Water Utility revenue. The "Customer Charge", recommended for FY 2007-08; collects revenue for services rendered to the customer regardless of usage, and mitigates the revenue uncertainty associated with predicting water usage. Staff recommends the fixed charge be termed a "Customer Charge" to more accurately describe the nature of the charge. The proposal calls for the customer charge to vary based upon the meter size as applied to all water rate schedules. Staff reviewed a survey by the California Municipal Utilities Association and found that the majority of California’s water utilities have both a fixed customer charge and a volumetric charge. The recommended residential customer charge of five dollars for a 5/8 inch meter appears to be in line with that of other water utilities. Table 1 below shows the fixed monthly charges for surrounding cities: TABLE 1: Water Rate Comparisons Meter Size. 5/8 " 3/4 " 1 " 1 1/2" 2 " 3 " 4 ,t 6 " 8 " 10" Palo Alto (Proposed) $ 5.00 5.00 6.50 12.27 19.37 77.65 130.60 260.43 383.67 383.67 MOun+aih View. $ 4.10 4.10 8.20 13.30 24.80 43.05 67.70 135.55 215.85 315.00 $10.47 15.71 22.07 35.31 55.16 95.99 132.40 215.14 344.23 441.32 $12.95 19.43 25.!7 37.18 56.30 121.09 212.44 366.46 1,036.00 1,489.25 14.25 21.38 35.63 71.25 114.00 213.75 356.25 7i2.50 7!2.50 712.50 A recently cornpleted water cost-of-service study determined the pro-rata share of fixed costs for each customer class. To avoid a sudden large negative impact on the smaller water users (with meters up to two inches in size), staff recommends that the customer charge initially be set at a level that does not fully collect all fixed costs, but rather a portion of those costs. The portion of fixed costs left uncollected by the customer charge would continue to be collected volumetrically. For example a five dollar monthly charge is proposed for most of the residential customers (5/8 inch meter), which represents 48% of the fully allocated cost-of-service result of Page 3 of 6 $10.40. Incremental changes will be made over time in order to match revenue from the customer charge with the fully allocated cost of service. For larger customers, with meter sizes of three inches or more, the proposed monthly charge, varying with meter size, will immediately collect the fully allocated customer costs. The expected revenue from implementing a fixed charge is approximately $1.6 million. The impact of all revenue requirement changes and the new monthly customer charge, will result in an average residential customer’s water bill increasing by $6.04/month (or 10.4%, from $58.17 to $64.21). Small users will have a monthly bill increase of $4.74 (for 4 monthly usage of CCF, the monthly bill will increase from $16.16 to $20.80, a 28.7% increase). Proposition 218 Water Rate Increase Procedure: Proposition 218 amended the California Constitution and set forth procedural requirements public agencies must follow in order to enact or increase a property-related fee. Since Proposition 218 applies to the water service rate increases and customer charges described here, the City must provide written notice by mail to water customers subject to the proposed fees, followed by a public hearing held not less than 45 days after notice is mailed. The notice must include the amount of the fee, the basis upon which the fee was calculated, the reason for }he fee, and the date, time and location of the public hearing. If written protests against the proposed fees are not presented by a majority of customers, the City may impose the fee. Allocation of the Rate Increase A cost-of-service study conducted during FY 2005-06 for the Water Utility determined the allocation of costs between customer classes. The results indicated inequities among customer classes that needed con-ection. This imbalance is exacerbated by the chanzinz customer mix in the City. Table 2 below shows the impact of the proposed rates increase on custorner bills based on different consumption levels for the residential and non-residential classes. TABLE 2: Impact of Rate Increase on Customer Bills Customer Small Residential Average Residential Residential Large Residential Medium Coml-nercial 5/8" Meter 5/8" Meter 5/8" Meter 5/8" Meter 3" Meter Large Commercial or Industrial Large Commercial or Industrial (irrigation only) (W-7) 6" Meter 6" Meter (CCF) 7 14 2O 35 3O0 1200 3000 Proposed :. Monthly Bill $32.64 64.21 91.27 158.92 1,379.95 5,469.63 13,283.43 Amount of Proposed Increase $4.36 6.04 7.48 11.08 104.95 369.63 1,163.43 Pei:cent : 15.4% 10.4% 8.9% 7.5% 8.2% 7.2% 9.6% In addition to implementation of the customer charge, staff recommends discontinuing the discount for all the commercial, industrial and institutional irrigation rate schedule (W-7) which has been in effect since July 2003. Water Rate Schedule W-7 currently gives a discount to large Page 4 of 6 customers who install a separate landscape irrigation meter. The City still supports the installation of separate irrigation meters, but feels that the customer savings on wastewater bills provide sufficient incentive to do so. This change will provide a new price signal to improve landscape efficiency. Comparison of Palo Alto Water Rates and Surrounding Cities: For several years, Palo Alto’s retail water rates have generally been higher than surrounding areas, due to wholesale water rate increases from SFPUC, the funding of an aggressive Capital Improvement Program (CIP) to rehabilitate or replace aging water distribution infrastructure, and increases in allocated costs from other City departments for services provided to the Water Fund. A 2007 bill comparison of municipal water rates in Redwood City, Mountain View, Los Altos and Menlo Park indicates that the average Palo Alto residential customer pays approximately 32 percent more than comparable customers in surrounding cities: There are indications that nearby cities that purchase their water supplies from the SFPUC may be raising rates this year. At this time, the certainty or magnitude of their rate increases is not known. Risk Assessment An a~mualized risk assessment has been performed by staff which compares projected reserve levels to applicable risk factors. This assessment has determined that reserve balances are adequate for FY 2007-08. An updated risk assessment will be performed as part of the budget process for FY 2008-09. A rate increase of 10 percent, or a revenue increase of $2.5 miiiion, in FY 2008-09 is also recommended by staff. The projected ending W-RSR balance of $3.4 million for FY 2008-09 would be below the Minimum Guideline Level of $5.4 million, but only slightly below the projected risk assessed reserve level of $3.6 million. Staff will evaluate the revenues, expenses and risks during the FY 2008-09 budget process to ensure that the Water Utility remains financially sound. Table 3 below summarizes the end of year balances for the W-RSR, the risk assessment level and the Reserve Guidelines. Note that the risk assessment level is determined by assessing the short-term risks to the water fund. The Reserve Guidelines were e~tablished to manage risks over the longer term. TABLE 3: Water Reserve Balance, Guideline Levels and Risk Assessment Level Reserve Balance and Guideline Levels FY 2007-08 FY 2008-09 End of Year Balance $10.2 million - $1.3 million (Forecast with No Rate Adjustments) End of Year Balance $12.4 million ~ .$3.4 ~illi0n. (Forecast with Proposed Rate Adjustments). ~ Risk Assessrnent Level $3.3 million . $3.6 million Reserve Minimum Level $4.9 million $5.4 million Reserve Maximum Level $12.4 million $13.6 million ALTERNATIVES Staff evaluated the impact of alternative rate proposals to the proposed $2.2 million revenue increase. Any smaller rate increase would require reducing some combination of the operating Page 5 of 6 budget, Capital Improvement Program, or the W-RSR. Reducing the CIP would hinder water main replacement projects, where the infrastructure has exceeded its system design life. Reducing the water operating budget will hinder the reliability and safety of the water system. Withdrawing more funds from the W-RSR would drive the reserve balance further below the Minimmn Guideline, and could necessitate an emergency rate increase request to accommodate infrastructure failure, or an increase in water supply costs. RESOURCE IMPACT Approval of this rate proposal will increase the Water Fund metered retail sales revenues by approximately $2.2 million for FY 2007-08. Due to the return of $8.5 million from encumbered CIP projects, the W-RSR balance is projected to be temporarily above the Maximum Reserve Guideline Level at the end of FY 2007-08. However, the returned monies will be eannarked to partially fund the City’s Emergency Water Supply Storage project starting in FY 2007-08. Staff also recommends that Council approve in concept an additional 10 percent rate increase, or $2.5 million, in FY 2008-09 to bring the W-RSR closer to the Minimum Guideline Level. POLICY IMPLICATIONS This rate proposal meets the following Utilities Strategic Plan objectives: to invest in utility infrastructure to deliver reliable service and to provide superior financial service to the City and competitive rates to customers. Approval of the proposed water rate increase does not represent a change to existing policies. ATTACHMENTS: A.Water Rate Schedules W-l, W-2, W-4, and W-7 PREPARED BY: REVIEWED BY: Assistant Director, Customer Support Services DEPARTMENT HEAD: Director of Utilities Page 6 of 6 ATTACHMENT D DRAFT UTILITIES ADVISORY COMMISSION MINUTES OF APRIL 4, 2007 CALL TO ORDER Melton called to order at 7:00 pm the regular scheduled meeting of the Utilities Advisory Commission. Present: Melton, Dawes, Bechtel, Rosenbaum ORAL COMMUNICATIONS Mrs. ~,~ead made con~.~Lo ~,o,~ L,,~ Rates discussion (see below). APPROVAL OF THE MINUTES Approval.of the minutes of March 7 was made with the following change and comments: Bechtel asked for clarification on page 3, paragraph 1 of the March 7 draft minutes. He asked whether it was 11.4 percent cost per kWh or if it should be 11.4 cents cost per kWh. Tom Auzenne, Assistant Director, said that it should be cents. Bechtel also requested therebe more specifics and details to the sense minutes rather than just saying there was "comments and concerns" brought up in the meeting. Dawes said he would like more explanation on the $40 million dollar cost of the Reservoir Project. There was a similar project 4 years ago which cost around $15 or $16 million. He also wondered Utilities Advisory Commission Minutes from: Approved on:Page 1 of 11 why "including land" wasn’t explained further in the minutes. Melton said he did not think there had been discussion of the term "including land" at the meeting and that is why there was nothing in the minutes. Chairman Melton: Moved approval, Dexter Dawes Seconded. Motion passed with four ayes and one absent. AGENDA REVIEW Valerie Fong, Utilities Director, pointed out that Item 2 on the agenda (Ten-Year Energy Efficiency Portfolio Plan) was an Action item, not an Informational item. REPORT FROM COMMISSION MEETINGS/EVENTS NONE UTILITIES DIRECTOR REPORT Fong presented the following report: 1) The Emergency Water Supply Project Notice of Determination was filed on March 9. The CEQA process will be complete, if there are no protests, by April 11. 2) A CMR will go to Council next week to notify them that more time is needed for the FEIR cost allocation schemes and will be brought forward in May. The 2nd reading of the Park Ordinances will also take place in May. 3) Water system flushing notices will go in the Palo Alto Weekly and Palo Alto Daily. The flushing will take place the week of Apr 22. 4) There will be a Federal Policy Conference in Washington D.C at the end of April. Val will attend with Council member Bern Beecham and Resource Planner Debbie Lloyd. 5) The next UAC meeting will be a day meeting on May 2. 6) There is a conflict regarding the July 11 UAC meeting date as a Hetch Hetchy tour is scheduled for the same date. Fong asked if July 19 might work as the Chambers are not Utilities Advisory Commission Minutes from: Approved on:Page 2 of 11 available on July 18. Staff was asked to see if a conference room, other than the Chambers, might be available on July 18. Fong said we would look into that option. 7) The Mayor is sponsoring a session on Stanford University’s Green Transportation Program. This will take place Apr 5, 4:00 - 5:30 pm in the Council Chambers. 8) There will be a Special Meeting of Council (study session) on April 11 at 2:00 pm in the Council Chambers. Lt. Governor John Garamendi will speak on the issue of Climate Change. UNFINISHED BUSINESS Rosenbaum asked about the overhead for the Green Project and how it was calculated. Assistant Director, Customer Services Tom Auzenne explained that based on the 11.5 cent cost for Palo Alto Green, our overhead was 4%. Rosenbaum then asked what percentage of the $500,000 premium represented. Auzenne said 33%. Auzenne also said that based on an Oct., 2006 publication from the National Renewable Energy Laboratoryl the average marketing and administration expenses for the top ten renewable programs in the country was 29%. Palo Alto Green is the number one program in the country and the marketing and administrative costs are in line with the average noted iiq t, ,~ study, so ~u~u~, ~ ~,~,~ ,,.,u~ ,,,~ our marketing works. NEW BUSINESS ITEM 1: INFORMATION ITEM: 2006 Statewide and Palo Alto Residential Customer Satisfaction Survey Results Senior Resource Planner Karl Knapp presented a summary of the main findings of a residential customer survey conducted by RKS Consulting. The survey is conducted every other year for CMUA and CPAU, and is used to compare CPAU customer attitudes and utility performance in a number of areas, and enables CPAU to benchmark performance against California municipal and investor-owned utilities. The survey was conducted in October and November of 2006. CPAU’s overall Value Rating remains high, which is a composite score of several different areas. CPAU continues to perform well in the areas of overall customer satisfaction, price/value performance, power delivery, and there is growth in users of the website and participation in the green energy option. There was a slight decline in scores on trust, overall feelings, and to some extent, communication effectiveness. Utilities Advisory Commission Minutes from: Approved on:Page 3 of 11 The consultant report indicates that these declines are not statistically significant, but may be consistent with changes that take place after rate increases. Palo Alto residents differ significantly from other California utility customers in three main areas: high awareness of the seriousness of the California energy situation, global warming, and a strong preference for using the internet to obtain information and pay bills. CPAU customers are more aware and concerned about global warming, but are not sure about CPAU’s involvement, and express a willingness to pay more to fund solutions. Main areas for improvement noted by the consultant report were to enhance the website and web- based services, and to embrace the global warming issue. Knapp pointed out that the entire City web page is undergoing a major conversion to an entire new database structure and that no big changes are being made until that effort is completed. Melton asked whethP.r the report indicated dissatisfaction with the website and whether RKS asked about specific improvements that customers would like to see. Knapp/Auzenne replied that customers did indicate d~ssatisfaction w~tiq the website and that a table listing responses [or how [o make the website better is contained on page 14 of the consultant report. Dawes asked whether customers were asked about bank drafting. Knapp/Auzenne explained that while bank drafting was not specifically included in the survey, a high percentage of customers use CPAU’s bank drafting program. Rosenbaum asked why credit card payment options are not shown on web. Auzenne explained that CPAU does do credit card payment in-house, is developing ability to pay using a credit card by phone, and is also working on getting the technology and infrastructure in place to handle web- based credit card payments. Additionally, Auzenne noted that information about all payment options in marketing materials and as the web will be updated. Utilities Advisory Commission Minutes from: Approved on:Page 4 of 11 Melton noted that it appears that more people apparently believe that they are green power customers than actually are. Bechtel suggested a more direct question be included in the next. survey regarding incurred PAGreen costs. Staff agreed it would make such a suggestion. ITEM 2: INFORMATION ITEM: Ten-Year Enerqy Efficiency Portfolio Plan Knapp presented a brief summary of the proposed ten-year energy efficiency plan. Adoption of a 10-year plan is required by AB2021 passed last year. The Plan includes all of the elements required by the new statutory requirement. Energy efficiency is the highest priority resource for CPAU, with renewable energy second and conventional supply last. The Plan sets energy efficiency targets that are based on the technical and economic potential study conducted by the Rocky Mountain Institute in 2005, seeking to aChieve at least half of the estimated economic potential, AB2021 also requires that utilities "treat energy efficiency as a supply investment". The Plan proposes to fund the efforts needed to achieve the targets by including approximately $2.6 million ever two ;,ears in the e!ectric and ~as supply budgets, which when added to the existing Public Benefits efficiency budgets would bring the two-year efficiency programs total to $7 million. The Plan wiii be staffed with existing positions. The estimated financial impacts a~e a potential rate increase of 0.5-1.0% with an average bill decrease of 2.5-3%. Six of the main near-term efforts were described, including revamping existing programs and establishing new programs that address underserved segments such as new construction and remodeling. Dawes asked whether the Plan costs are identified as a line item in financial reports and included in the long-term financial forecasts and rate projections. Staff responded affirmatively and explained that a new Fund Center has been created and all of the Plan costs are included in the proposed budget. Melton asked whether the Plan takes a stepped approach, going after the "low-hanging fruit" that is on the cheaper end of the scale first. Staff replied that it will be emphasizing the "low-hanging fruit", but that much of the proposed plan will be approaching things more holistically and not simply more of the same prescription-style rebates. Staff noted that the law and our own policies require that CPAU pursue all cost-effective energy efficiency opportunities, and not just the cheapest ones. Utilities Advisory Commission Minutes from: Approved on:Page 5 of 11 Dawes noted that the rate of return of 1.6% described in the report is low and asked if there is a mandated minimum spending threshold requirement. Staff explained that the very low IRR cited reflects the added cost of the many required reporting and verification elements of the energy efficiency program, so that while the incentives alone might have an estimated 10.6% return, the other reporting requirements eat up nearly all of that benefit, dropping the payback to only 1.6%. The cost effectiveness tests described in the plan state that energy efficiency that costs less than energy from the market is a preferred investment, consistent with the higher priority of efficiency over supply dictated by the resource loading order. Dawes asked whether small customers will fail to benefit if they do not participate. Knapp explained that one of the main tenets of the Plan is to ensure that there are programs available for all customers to be able to participate. Staff feels that the rigorous and industry-standard cost- effectiveness testing and criteria described in detail in the Plan along with follow-up using independent verification of program resL!!ts (as required by law) provides the necessary financial controls to ensure that energy efficiency investments are selected judiciously. Melton noted that the Plan does appear to offer opportunities for residential customers. Bechtel asked for an explanation of the carbon adder methodology. Knapp explained the proxy value of approximately $10/ton of carbon dioxide used by California’s investor-owned utilities when making energy procurement decisions. A GHG adder is used in evaluation criteria for purchasing decisions to encourage choosing the lowest cost resource, including the adder. Dawes asked what staff will do next year that is not being done now. Staff explained that in the near term, the main activities will be adding programs to target areas not currently addressed such as new construction and remodeling, coordinating with the Green Building efforts in the Planning Department, supporting both end-user efficiency and supply-side efficiency, third-party programs like "Right Lights", and joint action with other agencies. Utilities Advisory Commission Minutes from: Approved on:Page 6 of 11 Rosenbaum moved approval of staff recommendation that UAC recommends that Council approve the ten-year energy efficiency portfolio plan. Bechtel seconded. Motion passed with three ayes, one abstained, and one absent. PUBLIC COMMENT: Prior to the discussion of utility rate increases, Mary Carlstead (resident) spoke regarding how increases, especially those from bond measures, affect the senior/fixed/low income populations adversely. Parcel taxes are increasing, and are not deductible. Her feelings were that Palo Alto was creating a "perfect storm". ITEM 3: ACTION ITEM: Recommended FY 2007-08 Water Rate Increase Auzenne stated that the Fiscal Year 2007-08 (FY07-08) water system average rate was $4.59 per one hundred cubic feet (ccf), and presented a slide titled "Components of System Average rate FY 2007-08", which shows the breakdown of costs For FY07-08, a 10 percent or $2.2 million increase was proposed (Item A), as well as another 10 percent increase in Fiscal Year 2008-09 (FY08-09) (Item B/. Also included was the discontinuance of a price discount for irrigation cus[o~,~,e~s on W-7 (Item C) and the introduction of the fixed charge "customer Charge" (Item D). Customer charges will provide revenue stability, and reduce the need for rapid increases in the future due tofact that sales volume depends on weather and economic factors. Charges for small customers are being phased in, as to limit the overall impact to customers. Bechtel commented on how he appreciated the charts, and would like to be emailed copies. The concept of customer charges appeared rational, so he had no questions regarding these. He did question whether supply/distribution breakdowns were displayed on the customer bills. Auzenne stated that they were not, but it would be an option to be reviewed in the future. Dawes stated that there does need to be an explanation of where costs come from, and the charts showed this welt, especially in light of customer questions (such as Ms. Carlstead). There was some question as to how current costs would compare to costs five years ago, but it was not a request to produce data. He stated he was ready to approve the issue. Utilities Advisory Commission Minutes from: Approved on:Page 7 of 11 Rosenbaum stated that Item B related to FY08-09 rate approval had not been done by the UAC in the past, and questioned whether it made sense. As costs are too variable, he Considered striking Item B from all proposals. Auzenne commented that as this represent a two-year budget process, something regarding FY08-09 should be added. However, rate changes would be re-evaluated during FY 08-09 budget process. Rosenbaum countered that it is a question of emphasis. While the future increases are in the budget, they are conceptual. He did not think that the UAC should add their imprimatur to items beyond the immediate budget year in their recommendations to Finance/Council. Dawes had a question as to the total bill, and wished to see how the proposed rates compare with the current rates for water commodity. Auzenne explained the current vs. proposed bill effects. Melton asked for staff’s anticipation of the length of the phase-in period for the customer charge to go from roughly 50% to 100%. Auzenne indicated a 3 to 4 year time frame. Dawes pointed out that rents, general fund transfers, and other transfers are a large portion of the water budget, and that these are the items that the public needs to know about when rate increases are proposed. Melton mentioned that conceptual approval of the second year increases had been brought up before in memoranda, although not as formally currently proposed by staff as an explicit item for approval. Rosenbaum generally agreed that the "approve in concept" request was more explicit than in the past. Bechtel moved to recommend the water proposal as worded. Melton seconded. Rosenbaum asked if a friendly amendment eliminating Item B (approving year two rate increase in concept) would be entertained. Bechtel declined to accept the friendly amendment and instead indicated a strong preference and obligation to advise the Council of potential increases in the Utilities Advisory Commission Minutes from: Approved on:Page 8 of 11 2008-09 budget year. However, Dawes indicated his concurrence with Rosenbaum on the removal of Item B. Rosenbaum proposed an amendment to strike Item B. Dawes seconded. Melton noted the substitute motion. Three Commissioners voted in favor of the amendment (Melton, Dawes, Rosenbaum), one voted against (Bechtel), with one absent (Keller). Motion passed. Rosenbaum commented on how he understood the concerns raised by Carlstead, however, he also noted the UAC’s obligation to look out for the utilities businesses on behalf of the City. He acknowledged that it will be difficult for Palo Alto to go forward with bonds, but was unsure of what else could be done. A motion was made to approve the Water proposal with the removal of Item B. It passed unanimously (Rosenbaum, Dawes, Bechtel, Melton), with one absent (Keller). Dawes mentioned that while he understood that there was a two year budget process, the second year was too much of an estimate. The UAC would reserve its judgment on such issues. ITEM 4: ACTION ITEM: Recommended FY 2007-08 Electric Rate Increase Auzenne stated that with this proposal, every customer class receives the same 5 percent increase in FY07-08, and no customer charges were proposed. He presented a slide titled "Components of System Average Rate FY 2007-08". Melton questioned whether a "Customer Charge" would be considered in the future. Auzenne said not at this time, as usage/weather variability was not as much of an issue with electricity as with water and natural gas. Dawes had concerns regarding future hydro projections, and asked for any update on the water situation. Auzenne stated that the last data he had heard was 43 percent of normal snow-pack levels. Dawes commented that this was very serious, and as such, Item B regarding FY08-09 rate increases should also be removed in this case. Utilities Advisory Commission Minutes from: Approved on:Page 9 of 11 Rosenbaum stated his agreement with the 5 percent increase at this time because of the hydro situation, even though the reserves are large. Bechtel moved approval for staff’s recommendation to increase Electric rates in FY 2007-08 with the removal of Item B (approval in concept of an electric rate increase in FY 2008-09). Rosenbaum seconded. Passage was unanimous (Rosenbaum, Dawes, Bechtel, Melton), with one absent (Keller). ITEM 5: ACTION ITEM: Recommended FY 2007-08 Gas Rate Increase Melton commented that the structure of the increase was similar to water. Auzenne concurred, commenting how gas usage was quite variable based on weather effects. He presented a similar slide titled "Components of Average System Rate FY 2007-08". Fong mentioned that, because of the laddering of gas purchases, future costs were better known. However, staff was still amenable to removal of Item B (approval in concept of gas rate increases for FY 2008-09). Melton question how long it would be before customer charges, were up to cost of service recommendations. Auzenne and Fong commented it was a function of reserve depletion. Auzenne clarified that although 9.5 percent increase was an overall figure, the allocations to individual customer classes would be different. Dawes questioned whether, with increased efficiency measures; measures were made using heating degree data. Auzenneconfirmed that such comparisons were made. Dawes felt we should publish our efficiency metrics. Bechtel questioned whether the wording regarding the increase should include a mention that it is a 9.5 percent system average increase. Fong agreed. Utilities Advisory Commission Minutes from: Approved on:Page 10 of 11 Melton commented that the UAC is in essence recommending the rate schedules. Auzenne stated that this would be clarified in the transmittals to the Finance committee. Rosenbaum moved to recommend the Gas increase with Item B removed. Dawes seconded. Passage was unanimous (Rosenbaum, Dawes, Bechtel, Melton), with one absent (Keller). Meeting adjourned at 9:35 p.m. Respectfully submitted, Melody Vega City of Palo Alto Utilities Utilities Advisory Commission Minutes from: Approved on:Page 11 of 11