Planning for a Steady and Sustainable Future
An editorial column by Girish Balachandran, General Manager of Alameda Municipal Power
It’s been a busy year so far. At its Annual Planning Workshop the City’s Public Utilities Board discussed major initiatives, priorities, critical issues, risks and opportunities facing our electric utility. Subsequent efforts included development of a ten-year financial plan to identify and reduce potential financial risks. The plan seeks to balance revenues with expenses, reserve requirements, and bond coverage covenants over a ten-year planning period. Additionally, in order to meet the expectations of the agencies that rate AMP’s bonds, we are expected to maintain our revenue collections at a level that assures the rating agencies of our fiscal stability.