Running late and we have a quorum. Next item, please. Item 3 is the annual election of officers, discussion and possible action to discuss a president and Vice President , each to serve a onearea term. I would like to nominate president cane for an additional term and make a motion along with that nomination. Ill second it. All those in favour . Opposed . Motion carries. Congracongratulations, madam ch. Thank you. What was the motion . The motion was to elect and i i was unclear, i nominate made a o elect. Are there any comments on that . And im sorry if i was unclear . Very good. Thank you for clarifying, commissioner moran. And for the position of views president , you would like to nominate the current views president francesca vador and what is confusing is who is acting as clear at this moment . Im chair but not doing the nom nations. Who is, the vice chair . As acting chair we have a nomination of Vice President . Any Public Comment . All those in favour say aye and opposed . Con
Capital Financing Activities of the puc. This is important because the pucs large debt portfolio and credit needs and as always, our management activities both of an issuance and administration standpoint are guided by the various policies that youve approved in the past, including the Capital Debt Service policies, which you approved in 2017, as well as debt and management policies and procedures and finally our debt and management activities are guided by our key debt stakeholders including the oversight committee. So on this slide, youll see a senatsnapshot of the debt inclug Revenue Bonds, lowcost, state and federal loans and it shows the strong bond ratings each of the enterprise currently enjoys. The capital Financing Activities are centered around three areas. One, meeting the new credit needs to satisfy the ongoing Capital Requirements including determining when and how much funds are kne needed to be ang d and the debt portfolios which is one when replaced renewed Credit Facil
Each to serve a onearea term. I would like to nominate president cane for an additional term and make a motion along with that nomination. Ill second it. All those in favour . Opposed . Motion carries. Congracongratulations, madam ch. Thank you. What was the motion . The motion was to elect and i i was unclear, i nominate made a o elect. Are there any comments on that . And im sorry if i was unclear . Very good. Thank you for clarifying, commissioner moran. And for the position of views president , you would like to nominate the current views president francesca vador and what is confusing is who is acting as clear at this moment . Im chair but not doing the nom nations. Who is, the vice chair . As acting chair we have a nomination of Vice President . Any Public Comment . All those in favour say aye and opposed . Congracongratulations, vice pre. Thank you. I will hand this back to our president. Can i just Say Something so that were clear. I wanted to say for my understanding and fulfi
Dollars or actually 1. 3 billion. Now, as always we have a number of accomplishments to report. Rather than read off of these off to you, i just want to highlight the last 3 bullets. First of all our risk does continue to come down as we complete these projects and we complete the shut downs associated with these projects. In fact, weve completed 176 of approximately 200 shut downs and we havent had any major schedule glitches associated with those shutdowns to date. We have achieved level of service on 33 of the 44 projects to date, so right now were about 70 percent in terms of level of Service Achievement on the seismic reliability goal. By the end of this goal well be more like 90 percent, which is a major accomplishment and of course we wont reach final until 2018. Then thank you, commissioner, for acknowledging the safety rate with a rate at less than half the industrial average. We went out to the field and issued certificates to the active construction teams and there are some
And we havent had any major schedule glitches associated with those shutdowns to date. We have achieved level of service on 33 of the 44 projects to date, so right now were about 70 percent in terms of level of Service Achievement on the seismic reliability goal. By the end of this goal well be more like 90 percent, which is a major accomplishment and of course we wont reach final until 2018. Then thank you, commissioner, for acknowledging the safety rate with a rate at less than half the industrial average. We went out to the field and issued certificates to the active construction teams and there are some happy faces and proud moments for those folks because this is a major accomplishment, including the construction teams consisting of the contractor personnel, the Construction Management personnel, which is city staff, Construction Management staff and of course our partners in labor. Youve seen this slide before but i like to put it up because its a great visual reminder of what we