mr. decasta. >> i want to thank todd for doing a good job. and art jensen, even though he said what he said, he makes it a point to have a real good relationship with those that count. i have not attended the bawsca meetings in a long time, but used to at one time. and it has on a regional level that we have this type of relationship so that we can move forward in a very methodical way. so again i would like to thank todd and art for the wonderful work. because you know, normally we don't hear them. but it's time for us to acknowledge their good work and to thank them. thank you very much. >> thank you, any other public comment on item 10? seeing none. public comment is closed. the item has been moved and seconded. commissioners. all in favor signify by saying aye. >> aye. >> the ayes have it. the motion carries. madam secretary, the next order of business. >> item 11, authorize the issuance of task orders above the initial $100,000 allowness approved at the october 9 commission. >> julia ellis, with this item we are asking the commission to authorize staff

mr. jensen and his team that got this through and the legislature and the governor. it's refunding like the sewer bond refunding. and this allows wholesale customers to early repay retail customers. it achieves savings for our wholesale customers. and allow us to smooth rates for our retail customers. a few brief

mr. jensen and his team that got this through and the legislature and the governor. it's refunding like the sewer bond refunding. and this allows wholesale customers to early repay retail customers. it achieves savings for our wholesale customers. and allow us to smooth rates for our retail customers. a few brief slides. $362 million, or up to, could be the potential early repayment for previously funded capital. that retail investors have made in the system. bawsca is able to issue bonds now on wholesale customers as approved by the governor and legislature, and this is effective january 1. this prepayment again was envisioned in part in your budget hearing discussions. but we only assumed $50 million but with market conditions and they may want to repay up to the whole $362 million. other slides. prepayments to the wholesale customers is cost savings. because of low interest rates. and it's the same story you heard on us selling to low cost bonds. to repayors it's a timely difference of when we receive money. it allows us to smooth out and have lower rate increases