todd rydstrom, assistant general manager and cfo. we will also be discussing item 12. >> item 12, presentation and discussion of the rate fairness board report on proposed retail power rates. >> this summarizes our power operation, specifically during our last summer's retreat at the commission. many of the questions i know commissioners caen, vietor, and moran aksked was to review the rates for business operations. we have done that. we have taken the operating budget you have adopted as well as the 10-year financial plan and capital needs and looked at those portfolios. but general manager hale and myself have been looking at revenue requirements for power operation as a whole what our attributed allocations are to streetlights, general fund customers, new customers you're going to hear more about today, redevelopment areas, and retail power rates, and to look at a fair cost allocation of those charges. we have a very efficient power system. it is very well run. we are the beneficiaries of a power system that provides a very low-co

>> todd rydstrom, assistant general manager and cfo. i have the next two items on the general managers' report. i know this commission and commissioner moran have been looking to us to provide additional succinctly worded accomplishments and efficiencies. what is before you in your packet is a document, 18 pages. i will put it on the overhead briefly so the public can see the front cover. what this document does is it summarizes the hard work of two individuals in particular, if i could ask them to stand briefly. ty june from communications, and francis lee, the deputy cfo. it is really a code -- an accomplishment. we have come before you and we have documents earlier on your calendar. you received a comprehensive annual financial report. this is that detailed reading of 245 pages that i find to be very interesting, including 10- year histories of operations and key statistics. this also is france'es lee's had work. we submitted that for an award. to assist -- to distill this big document into 18 pages that are more user-friendly that w