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Article: Trends in the Region: San Francisco's Water-Power Utility Eyes Big-Time Overhaul.
- Article from:
- The Bond Buyer
- Article date:
- March 9, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Officials from the San Francisco Public Utilities Commission -- the Bay Area's supplier of water and power -- say its aging water distribution system is in need of billions of dollars in improvements that could be financed by bonds.
It will be costly to overhaul the SFPUC's large, aging water and power system, and system maintenance has been deferred for five decades. A long-range SFPUC renovation plan is expected to call for "additional authorization for debt if this plan is going to work," according to Phil Arnold, debt administrator for the utility.
Arnold estimates the price to revitalize the system will be in the neighborhood of $3 billion to $5 ...