. >> i am todd rydstrom. you have been to the rate setting process for many times. given the projected growth of the redevelopment area, especially treasure island as well as hunters point shipyard, we have undertaken construction as part of the budget a revenue requirement review of the power enterprise as well as a rate review. the charter also requires a price tier to be considered them for us to hire an independent consultant to review the cost of service as well as the rates and to bring them before you. today i have 14 brief slides i would like to walk you through. the most important part from the staff perspective is to hear from you if there is a particular criteria or rate design or creative policy idea or implementation policy would like us to factor in as we review these rates and proposed rates, and then have those ready for you to deliberate on and consider it later this year in late november or early december. if i could just transition to the power point here on the computer, the review progress and objectives of the first item -- we have contacted wi