LONG-TERM RATES MANAGEMENT

Goal: Work to ensure rates that are sustainable, predictable, and as low as reasonable.


Green Sheet – Proposed FY18 Comments and Recommendations

The June 2017 installment of the Green Sheet gives a brief overview of the Advisory Board’s Integrated Comments and Recommendations. Highlights include:

  • How we get to the lowest rate increase in five years
  • How we reevaluate risk to protect ratepayers in future years
  • Our approach on Deer Island’s NPDES permit and how it could save ratepayers millions of dollars

 

You can view, print, or download our entire Integrated Comments and Recommendations here.

Green Sheet – Proposed FY18 CEB Overview

This edition of the Green Sheet provides an overview of the MWRA’s proposed FY18 Current Expense Budget. Click the image below to learn:

• What the proposed MWRA wholesale rate increase is

• Current cost estimates for the cross-harbor cable project

• How much a new Deer Island NPDES permit might cost

Green Sheet Video Thumbnail


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FY 2016 Q2 Goal
  • Work with Authority staff to begin plans for mitigating variability in water assessment increases.
FY 2016 Activity

July 2015

  • Initiated discussions with Authority regarding smoothing of proposed water rate revenue requirement assessments.
Prior Activity

March 2014

  • Long-Term Rates Management Committee meets and agrees to recommend $10 million deposit into OPEB with the balance to be used for strategic rate relief in future years.
  • MWRA Board of Directors selects three representatives and Executive Director for Long-Term Rates Management Committee.

January 2014

  • Executive Committee selects two representatives and Executive Director for LTRMC.

December 2014

  • Exec. Director added LTRM Committee member selection to Exec. agenda for January.
  • AB Exec. Director asked MWRA Exec. Director for LTRMC meeting in February with goal for March vote.
  • MWRA Exec. Director announced at BOD Meeting that LTRMC would be reconvened in early CY 2015.

November 2014

  • Executive Director discussed reconvening LTRMC with MWRA Exec. Director and MWRA Director of Administration and Finance.

June 2014

  • MWRA agreed with AB Recommendation for reconvening LTRM Committee.
Comments and Recommendations History

FY 2015 (printed May 2014)

  • The Advisory Board recommends that the Long-Term Rates Management Committee be reconvened with updated membership according to the original makeup present on the committee, and that meetings begin in September 2014 (page 47; #7).
  • The Advisory Board recommends the Authority further formalize these efforts by creating a working committee to consider the range of tools available to ensure a measured approach to meeting its rate revenue needs through 2022 (page 84; #20).