AWWA JTMGT64428

In 2005, the Honolulu Board of Water Supply (the Board) conducted a study of system needs and anticipated capital spending over a 20-year horizon, from 2006 through 2025. In the course of this study, the Board identified a range of capital investment needs in the categories of water source, transmission, and storage projects. In addition, investment needs were identified for the ongoing rehabilitation and replacement of the Board's existing system. With these spending needs defined, the Board developed a Capital Plan that prioritized projects for implementation over an initial 6-year planning horizon (calendar year 2006-2011) and a 20-year planning horizon (2006-2025). The 6-year Capital Plan calls for implementation of projects with a total cost of approximately $264 million (in 2006 dollars). Spending on these projects during the 6-year period is anticipated to total approximately $214 million (in 2006 dollars). These required investments will affect the costs of continued utility system operation and service. To manage these costs, the Board concurrently developed a Strategic Financial Plan that outlines financial and rate-making strategies for a 10-year planning horizon extending from 2006 through 2015. Includes tables, figures, appendix.