SR-106-022-02 (3)
DRAFT
Stc.'egic V;sK>ningProjecr: Vision DRAFT
Vision 6
+ Bundled
+SharehoJder
Vision 7
+ Unbundled
+Shereholder
VisionS
. Unbundled
+ Shereholder
according to past capital cOnlribLItions orsomeotheragreed
upon principle. Shareholders would receive water and other
services in proporlion to the number of.h.res (lWned and in
return would payforthesameproportionolfixed costs,
Shareholders can sell part oftheirannualwaterdeliveries
wilhoulsellingthe underlying shares,
B.seSLlpplierwithMarkeIMeelingFutureNeeds.
System structure and ownership would belhe same as
Vi.ion 5,butshareswould onlyg;ve right to Metropoliian's
fJrmwatersupply. Above this level,shareholderswould
negotiate addilional water purcl1ases from Metropolitan,
private suppliers or other shareholders, Shareholders would
stillberequlredtopay1heirproportionateshareofthefiXed
cost of the entire system,
IndependentSystemOparator.
Metropolitan would become an independent system operator.
operating and maintaining transmis$ion,sto",geand
treatmentfaoililieswhilescheduling u'e Of these tacilities on
requestJromassetrightholders. Right. to eaeh Metropolitan
asset(i.e, percentage of aqueducl capacily) would be
allocated to member agencies who would pay the
proporUonateshare oftheftxed costs oJ each asset. Member
agencies could trade rights in each asset to assemble their
dasired portfolio ofrightsand would have total responsibilily
forsecurlngwatersuppliesfortheircustomers. Member
agenCies would be rasponsible for regional planning,
research,anddevelopment.
IndapendentSyslemOpera1orand PublicSarvices Provider.
As In tne previous vision, shares in each Metropotitan asset
would be distributed to member agencies with the requirement
tocoverthatsharecffixedcost..lnaddilion,Metropolitan
would provide, tcr a fee, additional ser"\Jices such as running a
strategic weier reserve a. a safety nel for member agencies and
assembling a portfolio otwater supplies on behatiotrnember
agencies and others.
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RAND 04105199