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The wholesale water rates study process includes the following outreach and meetings: Retailer Kick Off Meeting August 11 Postcard mailed to 102,000 residents and businesses August 12 Retailer Meeting on Financial Plan Scenarios 1 August 25 Water Supply Evaluation Workshop August 31 Board Workshop (Rates Discussion) I September 7 Regular Board Meeting (Rates Discussion) September 21 Regular Board Meeting (Rates Discussion) 1 October 19 Regular Board Meeting (Rates Adoption) November 16 The wholesale water rates study analyzes various financial plan scenarios to determine the rate impacts of certain policy decisions, including the following programs and projects already approved the Board. These projects and programs were discussed in the Water Supply Evaluation and PFAS Financial Overview presentation provided to the Board on August 31, 2022. 1. Los Vaqueros Reservoir Expansion Project The Board has approved several resolutions approving continued participation in the LVE project. The most recent resolution is No. 21-81, approving the Multi-Party Agreement Amendment No. 3 in the amount of $0.9M. Funding of $2.1M for future amendments are included in the Adopted Budget and $0.8M for JPA Administrative expenses during the construction phase are included water rate Scenario 4 — Continued Participation in Water Supply Reliability Projects. The rates do not include debt payments or O&M costs for this project. 2. Delta Conveyance Project The Board has approved several resolutions approving continued participation in the Delta Conveyance Project. The most recent resolution is No. 22-30, funding continued participation in the environmental planning process in the amount of $4.75M through CY 2024. Continued participation at the same level is included rate Scenario 4 — Continued Participation in Water Supply Reliability Projects. The rates do not include debt payments or O&M costs for this project. 3. Chain of Lakes Well PFAS Treatment Facility Project The Board approved Resolution No. 21-84 authorizing staff to pursue a Drinking Water State Revolving Fund (SRF) loan for the project. Estimated debt service of $1.4M and O&M of $2M annually is included in water rates Scenario 4 - Chain of Lakes PFAS Treatment Facility Project SRF Loan. More details on the loan are included in Attachment A — Draft Wholesale Water Rate Study. 4. Stoneridge Well PFAS Facility Project October 19, 2022, the Board approved Resolution No. 22-86 awarding a design-build construction contract for this project. Capital costs of $16.3M and O&M of $0.5M annually are included in water rate Scenario — 5 Stoneridge PFAS Project— Reserve Replenishment. Page 4