opportunities as we can out there. if i may, i did a back of the envelope calculation reminding you that phase one is approximately 1200 homes. the remaining 10,500 homes have yet to be built up. there is a lot of high-density development, ranging from towers 35 stories tall to a very big projects. i did a back of the envelope to regulation of the projected energy to create 10,000 jobs, you are looking at something like the $125 per year subsidy per job to facilitate the attraction of those businesses. that is one ankle and one way to think about it as we move forward. president vietor: thank you very much. next item, please. next item discussion of possible action authorizing the general manager to request approval from the board of supervisors to accept and expand congressionally directed project funds from the 2009 omnibus appropriations act, as administered by the department of energy, for the fats, oil and grease to biodiesel project, currently in the process of de
envelope calculation reminding you that phase one is approximately 1200 homes. the remaining 10,500 homes have yet to be built up. there is a lot of high-density development, ranging from towers 35 stories tall to a very big projects. i did a back of the envelope to regulation of the projected energy to create 10,000 jobs, you are looking at something like the $125 per year subsidy per job to facilitate the attraction of those businesses. that is one ankle and one way to think about it as we move forward. president vietor: thank you very much. next item, please. next item discussion of possible action authorizing the general manager to request approval from the board of supervisors to accept and expand congressionally directed project funds from the 2009 omnibus appropriations act, as administered by the department of energy, for the fats, oil and grease to biodiesel project, currently in the process of demonstrated of demonstrating technologies to recover greece to be
before you. we finally got to talk to about rates and this is our first presentation regarding the electric retail rates. who are we, we are a seven- member board. there are four civilians which represent residential and commercial customers and we also have three very able members of the staff who are on our board. we have had about six or 8 meetings and they have been very engaged and may ask the right questions and they are eager to see the new retail program for the redevelopment areas. i don t think any of them are in the oddest of they have been great. what are the fair rates? people have a different opinion about what is fair and not fair. a lot of different factors that went through our considerations, some of them are from the charter and some are things we bring to the table. you can see that some might be in conflict. we have a certain amount of revenue that we have to get and sometimes that means raising rates. there are many factors to be considered better on t
upgrade, and authorize the general manager to negotiate and execute the professional services agreement. i have a question. that is whether this project is ready. what i am thinking is as we go to the budget process, one of the things i want to talk about is the nature and pace of this program. i am wondering if we have the project will one of defined to put into the environmental review process we have the project well enough defined to put into the environmental review process. commissioner, i think there are a number of facilities that need to be upgraded. i am not sure that we have a project totally ready to start right now. the contract would not begin until march. we can explain. go ahead. [laughter] michael karlin, deputy general manager. we think this whole program is maturing all our facilities. as part of the budget process, we will take you through some of our facility needs outside of san francisco. we are building 525 golden gate. but our staff is curre
something we don t have to deal with but we are by the green element. the next slide, i did not know the commissioner would be asking this question, but this gives us a brief introduction about how we look at the revenue requirement. if you take the total cost of service of the power enterprise and used to track that by what we get and you subtract that by what we get, the revenue set by the budget process and market sales, that leaves a balance to be connected and the general fund. including the sales to the other entities at pg&e, there is a huge subsidy to the general fund. as was mentioned, this is the elephant in the room. that allows the general fund department to be much lower than the pg&e rates. up until about two years ago, this was at this has been one success of the commission. there is some precedent for that. i will not go too much into the staff proposal but we want to talk about the seasonal tears. what are the higher tiers. there was more kilowatt hours