Correspondence between

Good Afternoon Ms. McCormick, We appreciate your response to our additional questions, Mr. Kurtz would like to know if you could provide a quick summary to the following inquiry. On page two, in paragraph one, it is stated that "the total Water Utility Costs through 2042 are only $3,215.04 million, or $908.85 million less than the KWA scenario." We are curious what formula DWSD used to calculate the $908.85 million dollars less than KWA? We are meeting this afternoon to review your responses and any additional information on this issue would be greatly appreciated. Thank you, xxxEND_PAGE:treasury01_b04_0379_0503_099 DWSD / KWA Executive Summary Outline Premise and Approach * Review most recent audited financial statements to establish baseline water revenues