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<br />5.07 Water Enterprise Property Taxes <br />A. Description: This category consists of property taxes levied against property <br />owned by San Francisco located in Alameda, San Mateo and Santa Clara counties and used <br />and managed by the SFPUC. <br /> <br />B. Allocation: All property taxes paid, net of (1) reimbursements received from <br />lessees and permit holders, and (2) refunds from the taxing authority, are Regional expenses. <br />Net property taxes will be allocated between Retail Customers and Wholesale Customers on <br />the basis of Proportional Annual Use. <br /> <br />5.08 Hetch Hetchy Enterprise Expenses <br /> <br />A. introduction. There are two steps involved in determining the amount of the <br />Wholesale Customers' share of Hetch Hetchy Enterprise expenses. <br />1. The first step is to determine the Water Enterprise's share of Hetch . <br />Hetchy Enterprise operation expenses, maintenance expenses, administrative and general <br />expenses, and property taxes. <br /> <br />2. The second step is to determine the Wholesale Customers' share of <br />expenses allocable to the Water Enterprise. <br /> <br />B. Determination of the Water-Related Portion of Hetch HetchyEnterprise <br />Expenses <br /> <br />1. Operation and Maintenance Expenses: This category consists of the cost <br />of labor, materials and supplies, and other expenses incurred in operating and maintaining <br />Hetch Hetchy Enterprise physical facilities. <br /> <br />a. Description: Expenses associated exclusively with the production <br />and distribution of hydroelectric power (e.g., generating plants and power transmission lines and <br />towers, transformers and associated electric equipment, purchased power, wheeling charges, <br />rental of power lines, etc.) are categorized as Power-Only and are allocated to power. <br />Expenses associated exclusively with the operation and maintenance of facilities that serve only <br />the water function (e.g., water transmission pipelines and aqueducts, activities related to <br />compliance with federal and state drinking water quality laws, etc.) are categorized as Water- <br />Only and are allocated entirely to water. Expenses associated with the operation and <br />maintenance of facilities that serve both the water and power functions (e.g., dams, security <br /> <br />-45- <br /> <br />1840795.8 <br />