the program funds require funds from the hetch hetchy enterprise and indirectly from the general fund. as i mentioned that will result in a reduction of local government spending during the period. so essentially you have an economic reduction associated with higher electricity prices. you have an economic gain associated with the local energy efficiency and other program commitments and second contraction associated with local government spending. to get to the bottom line in terms of what that means for the economy we believe the electricity cost also be in the neighborhood of 13 million. again, supervisor, that is in reference to the $18 number. if that jumps by 50% it is reasonable to think this number will jump by around 50% as well. the 4.3 million annual reduction in government spending, that comes from the security payments and the program costs, that would not change regardless of what the final rates would be. then the benefits coming from the $6 million spending on profession services, energy efficiency and go solar sfs would be benefits. according to our modeling this repr

it's not necessarily that you have to drain hetch hetchy. hetch hetchy is one of nine reservoirs. the city of san francisco is one of the only cities and, in fact the only city that did not respond to a survey of water recycling. the city will not do anything and they say they cannot recycle water for ten years, even though there is already best practices. so this study would find out ways that we can improve -- we used to get most of our water from the undergroundwater infrastructure, but that has not been maintained properly. so we have been relying more and more on hetch hetchy, which was created by damming the tuolumne river, where we get our water. so it's a study to fund researching ways to improve our water system. >> it's interesting that hope and i get this question, because we just remailed on this topic about two hours ago and i have been trying to get more information, because we usually agree on a lot of things. i have opposed this measure, because i think it's -- at a time when we don't have a lot of funding, i think the spirit of the measure is in the right place, l

and we're saying don't mess with hetch hetchy. >> you don't drain hetch hetchy, which is the best waterin the world. >> who likes our water? [ applause ] >> so keep hetch hetchy and no taxes. i have a quick question for you ron in the last-minute. you have this new venture fund that somebody wrote about. you could have raised a much bigger fund. why didn't you? >> no. 1, it's not my fund. i am the no. 1 investor. david lee and his team are the managers of the fund, but yes, we could have said let's raise a bigger fund.

and we're saying don't mess with hetch hetchy. >> you don't drain hetch hetchy, which is the best water in the world. >> who likes our water? [ applause ] >> so keep hetch hetchy and no taxes. i have a quick question for you ron in the last-minute. you have this new venture fund that somebody wrote about. you could have raised a much bigger fund. why didn't you? >> no. 1, it's not my fund. i am the no. 1 investor. david lee and his team are the managers of the fund, but yes, we could have said let's raise a bigger fund. but bigger isn't always better. starting a company costs less. so we want to stick to our knitting, and invest $100,000 to $200,000 per company and the other benefit is that you can pay the fund back quicker. in a $30 million fund you only need one, but the brand continues to get better because we're relentless. >> a couple of years ago you were focused on investing and now you are focused with working with the mayor and the mayor's office and helping the city. >> well, tech and investing and helping san francisco all go hand in hand now. >> something shifted. is it this

one for comprehensive management for which arey water shed and the other -- parallel to the hetch hetchy. we do care about the water quality of cherry reservoir, so, we want to make sure we're protecting the quality of that reservoir similar to how we fro tengt the hetch hetchy. to provide armed personnel, to maintain security of our facilities on the cherry side. i'm happy to answer questions on she's. >> commissioners? no questions. do i have i motion. >> second. >> any public comment, seeing none, all in favor? life i ayes. >> opposed. >> item carries. item 11. >> (reading item11 from agenda. >>barbara hale, verify to our customers the electricity, we are required under state law too make this disclosure and you need to attest to the voracity. we also have been working under the state law with the california energy commission and provided the same information to them, with that, i ask for your support, happy to take any questions. >> any questions? >> i have a question, just because i've lost the thread in it. helpy has been grandfathersed? >> yes. our helpy power, we have' separate s

so if you have hetch hetchy water in this building, i can promise that hetch hetchy water started at hetchy, put it in one of our pipes and brought it to this building, it is hetchy water. if it is power, though we say this building is powered by hetch hetchy power, clearly there is no extension cord running to the tuolumne river. that goes into the bathtub and other power comes out. this will put in for every bit of power we use, this program will put in a same bit that will be renewable. may not be the exact same time of day or same unit, won't trace itself to this place but it is 100% green, guaranteing our customers for every time we get a unit of power here, it is a green unit of power. the only way anybody in the state does it, actually. protecting low-income customers, again, if you look at mr. rose's report on page ten it has a schedule that shows what we had thought about in terms of the rates. it showed we would not be producing the 20% discount industrial utilities do for low-income customers. if you look at our presentation we are including that 20% discount. that makes a

i am against the draining of hetch hetchy and it's a shame and the voters and it's a shame. yosemite valley sister. it's a shame that the memory of john muir is held up because of that but it's our main source of water now. it's a major source of hydro electric power and relatively cheap and clean and to try to get that power elsewhere and the water elsewhere and all of the money, the resources, the pollution that would go into the demolition of this dam, i am afraid how we stand now in san francisco in 2012 losing it would be a big problem and i am voting no on f. >> thank you. mr. crowley. >> i was the head of the public utilities commission here in san francisco and wrote an op-ed piece about this piece of legislation. we're carry our city's power through this process, gravity ridden and four we 4.six billion dollars into the system and we are an enterprise here in kgzyl francisco. we have the best water and power in the world and i suggest to sell that would be a bigger carbon footprint and cost about $10 billion to erect another reservoir which we don't have in place at

we have a very good documentary film on hetch hetchy. when we are talking about education, we need to invest in an instrument such as that so that huge amounts of people can get the best type of education from the best type of experts presented to them so that it can be repeated again and again and again in our schools, in our high schools, in our middle schools, in our colleges, in our universities. having done that, then we can thensfgov or some other pbs to reach the general public. we need to think about that so that if we have a media expert onsome of us think about outreah like going to focus groups. that is all good, but that is just the tip of the iceberg. as one who represents the first people, my concern at has been stated by some of the speakers here is that we cannot afford to use hetch hetchy water, good water, to flush our commodes. that is a crime, so as these new buildings come up, we have to emphasize gray water. we are now embarking on an education, and out there, we have a lot. the ability to discern and get the best i

make sure that you help us to defeat that some people are suggesting that we can tear down our hetch hetchy dam and get enough water for our businesses and residents and i tell you there is absolutely no way. that is all that is on ballot and let's look forward to what we're doing on our major development projects. as mentioned by joan earlier, four cities, 5m will preserve the iconic chronicle building, convert four acres of underutilized parking lots and industrial structures into an urban mixed-use campus. thank you, alexa arenas for taking this ground breaking project and making sure that the innovative companies that are the life blood of our city are taken care and thank you very much for joining us this morning. [ applause ] the moscone expansion project "[ys3xconventi center remains the linchpin of our city's tourism and thank you for working with us. along the waterfront, mixed use developments are being planned at seawall lot 337 and pier 70, which will create vibrant neighborhoods. and in less than five years, we're going to be welcoming the golden state warriors here, back to sa

the petition talked about hetch hetchy, how san francisco owned hetch hetchy, what a wonderful program it s. everybody signed my petition. whether in the park in the heights, dolores or farmer's market, everybody loved this idea. then disappeared. i don't know who was against it. i never heard anything more about this. this is five years later. i still have my tee-shirt i wore when i came here five years ago. it says clean energy. well, i was really looking forward to saying great, we are going to have clean energy. i'm sorry, i came to this wonderful presentation. it was excellently researched, beautifully presented. i will tell you what, the last -- all i heard is it will cast more. well, that is fine. our wonderful program of picking up garbage is -- gosh, i have to skip this part. that costs more too. but anyway when i heard the word shell, i live in hawaii part of the time. they went for clean energy too. there was a volcano over there. they take clean energy, which is not clean from a volcano, has sulfuric acid and is dirty energy. i don't think shell has any clean energy at all.

. >> whereas edward harrington has over saw the 4.6 billion water pramg, up breading, hetch hetchy, and greatly improving walter system. this will result in 28,000 jobs, 40 6 regional, together yielding 300 million, and wageed and 5 m*urn million work hour us. >> whereas edward harrington leaded negotiate et to supply a any water agreement, with all the puc customers and skillfully managed the capital financial, achieving savings for decades to come. leads the puc in energy i fish sea and conser evaluation, and renewable energy in san francisco. such as the photoviktajc origran, and... >> whereas id harrington has advanceed a long anticipated a sewage system, and a vent goals and objectives to move forward with a multi-bill dollar upgrade and significantly advance the level of on going capital repair and replacement of aging wastewater infrastructure. whereas ed harrington leaded sf puc, into a more sustainable head quarters at 525 golden gate avenue. and representing a long-term investment, in san francisco's environmental and economic future, resulting in savings. now, therefore be it

so to me, todd walks on water, and the water of course is hetch hetchy. >> chair kim: thank you, ms. caen. i think this goes to the entire commission but being that the board just heard a pretty historic piece of legislation from your side, we just want to thank you for all of your work on that because i know many of you spent many years on the cca legislation. and clearly a lot of thought went into that process. you had many kind words for the puc. we want to commend ed and your commission and we're excited to work with -- thank you i metropolitan to call items 2, 3, and 4 together. so is that possible to do now? >> linda wong: yes. >> chair kim: can you please call items 3 and 4. >> linda wong: item 3 -- the mayor's reappointment of francesca vietor for the term ending august 1, 2016. item 4, mayor's reappointment of vince courtney, unexpired portion of a term ending august 1, 2016. >> chair kim: we have a question from committee members. supervisor campos. >> co-chair campos: thank you, commissioner, for your willingness to continue to serve and for the work that you've already do