Schedule but try to build it the right way the major issue we want to launch the program at that date thats my goal is to launch it on this date if we have to take another week to make sure we have the right legislation ill do that and try to recover on that date for me thats the most important thing im committed in delivering programs so you know we may miss a date you know on the bay tunnel we delivered the bay tunnel for me this is something that you know im committed in doing i judge have to have the latitude to make the right decisions without getting on each of one of the items because we didnt know we were assuming what it was we didnt know that the mayor had issues we had to look and see when we asked the authority what did harvey rose say so we figured out not a bad budget Analyst Report so taking the extra time i think puts us in a better position so further comments. The third item i was going to present if i may the sneak peak on what is up in the next couple weeks were rea
Commission to take whatever measures to keep our finances up to cut costs or whatever the difficult decisions well make those decision at that time were not there yet theyre asking the questions as well as ever water agency in california. And two other points one that the contractor we have with our stwhoerl customers guarantees the cost we pay there is a time delay but basically, not subject to the amount of water we sell a thats almost exactly true true and we made that clear to the agencies. The other part we keep getting presentations talking about the water rate is a percentage of meanwhile income to see how tolerant the community is with additional water rate increases if theyve been on the safe do of that issue. So far. Were projected to so for. Thank you. Thank you very much so before we go to cc ii want to make one comment i realize a lot has been happening. Saw in the paper about emile cruz and wanted to wheres el e emile i wont be here at the next Commission Meeting i want l
Build something because of schedule but try to build it the right way the major issue we want to launch the program at that date thats my goal is to launch it on this date if we have to take another week to make sure we have the right legislation ill do that and try to recover on that date for me thats the most important thing im committed in delivering programs so you know we may miss a date you know on the bay tunnel we delivered the bay tunnel for me this is something that you know im committed in doing i judge have to have the latitude to make the right decisions without getting on each of one of the items because we didnt know we were assuming what it was we didnt know that the mayor had issues we had to look and see when we asked the authority what did harvey rose say so we figured out not a bad budget Analyst Report so taking the extra time i think puts us in a better position so further comments. The third item i was going to present if i may the sneak peak on what is up in the
Commission of the Program Design april 14th and not to exceed rates on the 17th so thats just some of the activities well be peru have the timeline a lot of other things happening but those restraining order the things were highlighting for your thank you very much. Before you leave the podium any other questions or comments i have a question and this just sort of going back in history for me im going to question the value of buying power contracts 10 years and out which if i understood you correctly is what youre saying youre looking for 10 year 10 Million Contract that is something that i will reserve for comments later and ill be happy to talk about it. Just if we are trying to establish a set price for a longer period of time if you enter into a purchase power agreement if you know how much the power costs for a long term you minimize your risk because youre in the to the market or in the realm of power prices so i think that is what you want to do but not put too much of the power
Agreeing asking the board of supervisors and mayor for authority specifically to standardize contracts much like others participant in the electrical market the western contractor the edison and master agreement that folks in the industry r0u7b9 use what theyre making tracks we have the power pool limited theres amount contract we are looking for the standard forms of contract to be able to be used for our power purchasing for dollars amazes greater than 10 million and duration up to 20 years those are changes to our Current Authority we current im sure youre aware of have to come to the commission and the board of supervisors when any k345ush8g go obligation involves 10 million or 10 years or more with those changes well be able to go out to the marketplace make the procurement decisions that likewise allows us to make xhmdz commitments that have a positive effect on the overhead costs because we can negotiate agreements with a fixed portion of portfolio Going Forward and have the opp