05-14-2018 BPU RPT 01 - Laserfiche WebLink

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W A I. R I w I R 6 Y L 1 r F RIVERSIDE PUBLIC UTILITIES Board Memorandum PURL IC OF IL.IIIES BOARD OF PUBLIC UTILITIES DATE: MAY 14, 2018 ITEM NO: 1 SUBJECT: PUBLIC HEARING — PROPOSED CHANGES TO ELECTRIC AND WATER RULES AND RATES FOR FISCAL YEARS 2018/19 THROUGH 2022/23 AND CHANGES TO THE SHARING HOUSEHOLDS ASSIST RIVERSIDE'S ENERGY PROGRAM AND ENERGY SAVING ASSISTANCE PROGRAM ISSUES: Conduct a public hearing to consider changes to electric and water rules and rates for fiscal years 2018/19 through 2022/23 and changes to the Sharing Households Assist Riverside's Energy Program and Energy Saving Assistance Program. RECOMMENDATIONS: That the Board of Public Utilities: 1. Conduct a public hearing to receive public input related to the electric and water utility five-year rate proposal and to consider and tabulate all written protests to the proposed water rate increases; 2. Adopt a resolution recording receipt of written protests to the proposed fiscal years 2018/19 through 2022/23 Water Rates and, if no majority protest is received to those water rates, establishing the fiscal years 2018/19 through 2022/23 Electric and Water Rules and Rates, as further described in that resolution; 3. Recommend that the City Council adopt a resolution approving the fiscal years 2018/19 through 2022/23 Electric and Water Rules and Rates; and 4. Recommend that the City Council approve changes to the Sharing Households Assist Riverside's Energy Program and Energy Saving Assistance Program. BACKGROUND: In 2015, following a comprehensive strategic and financial planning effort, the City approved the "Utility 2.0" strategic plan for Riverside Public Utilities (RPU), available online: http://www.riversideca.ov/utilities/utility20/�o�u�.as�. In 2016 and 2017, the following related items were completed: • RPU completed cost of service and rate design studies to finance Utility 2.0 objectives. Page 7