. >> so the first item like to address the drought and since we've had a little bit of rain steve richie decided to give the report. >> i can take credit for .28 inches at hetch hetchy over the last 2 hours can i have the slides please we know where we're at at the drought a number of slides are the same slide and format as far as shortage hetch hetchy is 55 percent of capacity we've backed up water into hetch hetchy to preserve it for drinking water we don't need the snow metal that's not much we're in a good position on drinking water and the water is before $250,000 acre feet so the coming year we expect to be able to use water bank as far as there is run off to trade off to get water into hetch hetchy reservoir our total storage would be on the order of a million acre feet and the water bank is down to its full capacity of seven hundred plus feet the precipitation the red line represents 2015 matched up with last year's precipitation a good thing as hetch hetchy it relative last year was a banner year the concerning slide is the snowpack slide where you see the red line that represen

of people involved in the effort at the puc and water enterprise i want to give a shout out to steve richie it joined me in new york had one-on-one meetings are the bond experts and made a presentation to the bond spent as a result, the next day orders over one billion dollars that allowed us to go back to the underwriter with that kind of demand to jp morgan i mentioned vanguard one of the largest mature bond funds in the country they were at the presentation with steve and i put in one hundred and $29 million of orders very, very effective outreach so again, it was a successful effort and we're pleased with the results if you have any questions, i'll be happy to answer them. >> wonderful. >> i'd like to say that you know to have the bond rating we do is just dprierld and for us to go back b there in the drought and convince them the water bonds are where they should be is a great feat. >> thank you obviously we're not toy trying to undermine the drought but a lot of investors worse case scenario and the tabloid headline news steve objective did a interpretation job in awe on the same page

and last item is a drought update, ben levine >> good afternoon, commissioners, ellen levine, steve richie is traveling for business so i will be giving the drought update today. the first slide you are looking at is the top 14 lowest per capita consumers in the bay area. you will note that of the 14, 12 of them are within our service area with very low per capitas for the month of january. this is starting out with some very good news. next you will look at our reservoir storage levels. i think interesting to note here, this time last year hetch hetchy was at about 59 percent of maximum storage capacity. i think what is even more interesting to note is the total system storage without water bank so that's the usable amount of water was at 61.9 percent this time last year and we're at 66.4, so we have more available water to deliver to

commissioners, ellen levine, steve richie is traveling for business so i will be giving the drought update today. the first slide you are looking at is the top 14 lowest per capita consumers in the bay area. you will note that of the 14, 12 of them are within our service area with very low per capitas for the month of january. this is starting out with some very good news. next you will look at our reservoir storage levels. i think interesting to note here, this time last year hetch hetchy was at about 59 percent of maximum storage capacity. i think what is even more interesting to note is the total system storage without water bank so that's the usable amount of water was at 61.9 percent this time last year and we're at 66.4, so we have more available water to deliver to customers this year in march than we did last year. on the cumulative precipitation, you will see where we're tracking on hetch hetchy. we're at about 37.4 percent of the average annual total so we're quite behind as we all have known. and if you look at the 6 station precipitation index, we're at about 55 percent of annu