[{"_1":2,"_86":-5,"_87":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6509045,"mediaKeyId","5442927-2046146250b1ce4561f1cd69a1cc7ed0","parentId",5442927,"title","SFPUC staff outlines $10 billion 10-year capital borrowing plan, flags rating outlooks and WIFIA activity","audioSeconds",542,"startMs",238000,"endMs",780000,"viewUrl","/Search/View?dp=1&key=5442927-2046146250b1ce4561f1cd69a1cc7ed0&start=238&end=780","thumbnailUrl","https://assets.pipeline.soar.com/5442927-2046146250b1ce4561f1cd69a1cc7ed0/thumbnail_238000.jpg","articleUrl","/articles/6509045/San-Francisco-City/San-Francisco-County/California/SFPUC-staff-outlines-10-billion-10-year-capital-borrowing-plan-flags-rating-outlooks-and-WIFIA-activity","mediaUrl","https://secure.pipeline.soar.com/6509045-32b03c9ce4a0c4d5fb03356696bf81b5/orig.mp4?Expires=1770936618&Signature=SEowF1bzTMqvoDokB0dGpX4dC0pYUA4F~Pfth6Civ2QBGDtucd5zK~Co4DBaLdDdR2nNOjwQA~nKELz3tx-HqYuDyUAUXfy5c5Lm6EIsqHgFC7KyYGejvbhcNoemciDVodDrPF10wuCrnAThv~I18-bz1IqfLG6ljyF91RH30~tR8s91si5fDSytiGikgTtWpYh22h4OLLmMq5tLsd9qZ8XEDfMazAZmfQ5xZOyxOtQD3ObGhrVd796koUPa33LLL8PjAwWksMa~kasCoLx-kh4Wha03CxvFd5QrLcB1TiFk2zsJqjL4zXqbkd09fcWHyyPYu02--sKtK8VAxDwLow__&Key-Pair-Id=KUT5TJCACFTXG","author","City of San Francisco","date","2025-07-22T00:00:00Z","article","San Francisco Public Utilities Commission staff reviewed the agency's annual capital financing plan and previewed the financing actions planned for the coming year.

Nikolai Sklaroff, presenting the informational item, said the SFPUC has about $10.7 billion of borrowing outstanding and staff and commissioners discussed roughly $10–11 billion of capital projects planned over the next 10 years that would be financed incrementally. Sklaroff said the commission will see planning for one wastewater bond transaction in the spring and possible additional loans under a WIFIA master agreement. He told commissioners that the commission had authority from the Board of Supervisors to expand an interim funding program last year by $950 million and that staff may seek to expand wastewater interim funding this year to release controller reserves.

Sklaroff also flagged that two enterprise bond ratings (wastewater and power) with S&P were under negative outlook and that staff are in discussions with rating agencies to address concerns including wildfire risk and declining projected debt-service coverage. He said staff will return in the first quarter with an update to the debt policy and with amendments to municipal-advisor contracts and that staff will continue to pursue refundings and green-bond reporting.

Commissioners asked about the relationship between undrawn loan commitments (WIFIA, SRF) and outstanding debt, the potential effect of negative outlooks on borrowing capacity, and the role of green bonds given federal policy uncertainty. Sklaroff and staff clarified that undrawn loan amounts are reimbursement programs (they are additive to outstanding debt once drawn) and that stronger coverage projections in the 10-year plan are intended to address rating-agency concerns. There was no vote on the informational item.","mediaType","Video","parentTitle","City of San Francisco - Video Open Video Only in Windows Media Player - Jul 22, 2025","oneSentenceSummary","SFPUC staff presented an informational annual capital financing plan that anticipates about $10–11 billion of capital work over the next 10 years and described near-term financing actions, rating outlooks and policy updates.","taxTitle","San Francisco City, San Francisco County, California","taxId",5751,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":79,"_47":80,"_49":81,"_51":82,"_53":83,"_55":56,"_57":58,"_59":84,"_61":62,"_63":64,"_65":85,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6509051,"Votes at a glance: SFPUC approves minutes, consent calendar, water-supply assessments, APX amendment and Mission Bay school solar agreement",0,216000,"/Search/View?dp=1&key=5442927-2046146250b1ce4561f1cd69a1cc7ed0&start=216&end=216","https://assets.pipeline.soar.com/5442927-2046146250b1ce4561f1cd69a1cc7ed0/thumbnail_216000.jpg","/articles/6509051/San-Francisco-City/San-Francisco-County/California/Votes-at-a-glance-SFPUC-approves-minutes-consent-calendar-water-supply-assessments-APX-amendment-and-Mission-Bay-school-solar-agreement","https://secure.pipeline.soar.com/6509051-78872641edc9da8e513db8b250a0e994/orig.mp4?Expires=1770936618&Signature=BH2txYGinSZnV4kj4Qj9aXGdJLTDttVC1N2TsTPjoX5idniwIyr3iOk5K8D7hbSJuZ3IbJgPwQ-T6VQdKZnpKFVsk4-nGwe9hWKhTksGJYRBaziKFwCbiUfHoxpZCsxoSNbRfQ1eqD3e0XGmidhNtnDKt8qlvTqvUBdFz--oFTbkfmNZS778cU5qZXz6jeh6PNU1N118uHmZPfDG9K4to93XcQO9rJcWVlC1owBQmxqpHQde-SH34y1xCEB4wf1u4UuK9vQe~7ZKfjrXhs1H7jYx0SlyUGNdD86TaC2C61jRf4ysLYRJmQIVRC2UvHDwa1zGyR8Z99p~h35BbULWWA__&Key-Pair-Id=KUT5TJCACFTXG","The San Francisco Public Utilities Commission approved a series of routine and substantive items at the meeting, including minutes, the consent calendar and several project approvals.

The commission voted to approve the minutes of July 8, 2025. The consent calendar passed without further amendment. The commission approved two water supply assessments — for the Freedom West 2 project (about 2,300 dwelling units) and the 1 Oak Street project (about 541 dwelling units) — documents the planning department will use for CEQA review. The commission also authorized Amendment No. 3 to the power scheduling coordination contract with APX Incorporated to increase professional services and CAISO pass-through capacity and approved a funding and license agreement with the San Francisco Unified School District for on-site solar at the Mission Bay School.

Votes and procedural notes recorded in the meeting transcript: the minutes were approved by roll call (President Stacy, Vice President Arce, Commissioner Jamdar, Commissioner Navarone, Commissioner Thurlow voting \"Aye\"). The consent calendar passed by roll call. Items 7 and 8 (water supply assessments) passed by roll call. Item 9 (APX contract amendment) passed by roll call. Item 10 (Mission Bay School solar funding and license agreement) passed by roll call; Vice President Arce recused from discussion and vote and was excused from the item.

The approvals for the water supply assessments will be forwarded to the city planning department for CEQA analysis. The APX amendment increases contract capacity to cover both professional services and CAISO pass-through charges while staff works to strengthen in-house scheduling capabilities. The Mission Bay School solar agreement establishes a 30-year funding and license arrangement that, per staff, tracks the expected life of the solar asset.","At its meeting, the San Francisco Public Utilities Commission approved the minutes from July 8, 2025; passed the consent calendar; approved two water supply assessments for large housing projects; authorized an amendment to a CAISO scheduling services contract; and authorized a funding and license agreement with SFUSD for a school solar system.","actionData","errors"]

Article not found

SFPUC staff outlines $10 billion 10-year capital borrowing plan, flags rating outlooks and WIFIA activity

Votes at a glance: SFPUC approves minutes, consent calendar, water-supply assessments, APX amendment and Mission Bay school solar agreement