04-08-2019 BPU RPT 07 - Laserfiche WebLink

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W A T E R E N E R G Y T I F F RIVERSIDE PUBLIC UTILITIES id& Board Memorandum P U B L I C U T I L I T I E S BOARD OF PUBLIC UTILITIES DATE: APRIL 8, 2019 ITEM NO: 7 SUBJECT: BOARD WORKSHOP: REVIEW OF UTILITY 2.0 STRATEGIC PLAN 2017-2021 ISSUE: Conduct a workshop to review the current status of the Utility 2.0 Strategic Plan 2017-2021. RECOMMENDATION: That the Board of Public Utilities conduct a workshop to review the current status of the Utility 2.0 Strategic Plan 2017-2021. BACKGROUND: In 2015, Riverside Public Utilities (RPU) conducted a comprehensive strategic and financial planning effort known as "Utility 2.0." Through in-depth staff analysis and multiple presentations and interactive workshops with the Board of Public Utilities (Board) and City Council, RPU developed "roadmaps" for electric and water infrastructure, strategic technology, workforce development and thriving financially. Through this process, staff presented four (4) options for Board and City Council consideration: • Option 1: Status Quo — Fall Behind • Option 2: Address Major Deficiencies • Option 3: Proactive • Option 4: Aggressive Summaries and documents for all Utility 2.0 strategic planning meetings are linked and can be downloaded from the following webpage: http://www.riversideca.gov/utilities/utiIity20/popup.asp. In October 2015, the Board and City Council approved, in concept, Option 3 infrastructure, technology and workforce trajectories and directed staff to develop a financial plan and proposed rates to determine affordability. Staff completed cost of service and rate design studies to finance Option 3 objectives in 2017. A rate proposal based on these studies was presented to Board and City Council in August and September 2017, respectively. The Board and City Council directed staff to conduct a citywide community outreach initiative on the rate proposal and collect public input, which would then be presented to the Board and City Council at a joint workshop in November 2017. In October and November 2017, RPU provided more than 50 presentations at various community meetings, including six (6) RPU -hosted meetings in six (6) of the seven (7) wards (Wards 6 and 7 were a combined meeting) and special meetings to address agricultural and low-income customer concerns. Meeting summaries are linked and can be downloaded from the following webpage: http://www.riversideca.gov/utiIities/ratepIan/documents.asp.