WaterSource New Masthead

 February 2010
In This Issue
BOD Supports Water Bond
Water Authority Executes $627 Million Bond Sale
Judge Rules on QSA
Supply Update
Business Leaders Appointed to MWD Committee
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Board of Directors Supports $11.14 Million Water Bond

 Bay Delta
The San Diego County Water Authority Board of Directors voted to adopt a position of support for an $11.14 billion state water bond, which will appear on the November 2, 2010 ballot.
 
The bond measure is part of a historic legislative package approved by the California Legislature and signed by the Governor in November 2009. The package addressed long-term improvements in statewide water management and water supply reliability, particularly in the Sacramento-San Joaquin Bay-Delta, the source of up to 30 percent of the San Diego region's water supply.
 
"Our current water shortage is evidence that we need to keep making investments in water reliability projects and fix California's water system. This bond helps us do that," said Water Authority Board Chair Claude A. "Bud" Lewis. "It will fund critical water supply reliability and water quality projects in San Diego County and around the state. It will also help pave the way for permanent solutions in the Bay-Delta that will restore water deliveries to our region that have been lost due to regulatory restrictions."
 
For more information on the Water Authority vote, click here.
 
For more details on the water bond, including regional funding, click here.
 

Water Authority Executes $627 Million Bond Sale 

Pipe being put inThe San Diego County Water Authority recently completed bond sales of $627 million to provide continued funding for the Water Authority's Capital Improvement Program (CIP).  High investor demand for the bonds helped the Water Authority secure very low interest rates that will save its ratepayers over $50 million in financing costs on a present value basis over the life of the bonds.
 
The sale, Water Revenue Bonds Series 2010A and 2010B, included $99 million in tax-exempt serial bonds and $528 million in Build America Bonds (BABs).  The order period, originally scheduled to take place over two days, was completed in only three hours.
 
The Water Authority has one of the largest capital improvement programs among California urban water agencies, with a $3.77 billion budget and a two-year appropriation for fiscal years 2010 and 2011 of $556 million. 
 
For more information click here.

Judge Rules on Agreement for Colorado River Water

AACLP
On January 14, Sacramento Superior Court Judge Roland Candee ruled that a single sentence in one of the 13 agreements related to the Quantification Settlement Agreements (QSA) violated the state Constitution. The judge found that the state's obligation to pay environmental mitigation costs above the $133 million paid jointly by the Imperial Irrigation District (IID), Water Authority and Coachella Valley Water District under the QSA-JPA agreement violates the state Constitution. The Water Authority disagrees with the judge's ruling and is appealing the decision. The Judge stayed the ruling during the appeal process, allowing the water from the QSA transfers to flow into San Diego County as the appeal proceeds. 

Supplies from the QSA are a cornerstone of the Water Authority's strategy to enhance the reliability of San Diego County's water supplies. The water transfer agreement with IID is set to provide 70,000 acre-feet of water to the region in 2010. The Water Authority also receives nearly 80,000 acre-feet of water a year through two long-term agreements to transfer conserved water from the lining of the All-American and Coachella canals.  Click here for more information on the QSA.
 

It's Raining.. But the Drought Isn't Over 

 

DroughtAlertbars

With the recent rainfall, many San Diego County residents are wondering if this means the end of the drought. Unfortunately, the drought continues.  Southern California continues to face significant supply challenges due to regulatory restrictions. The Department of Water Reources has issued a record low allocation of State Water Project supplies due to several years of drought and restrictions on moving water through the Bay-Delta, as several fish populations have declined in recent years. 
 
Although El NiƱo conditions have brought rainfall to slightly above normal levels for this time of year, only 5 to 7 percent of the region's total water supply is from surface water captured from local rainfall. It does mean you can turn your sprinkler systems off at your home and business, for up to 10 days following heavy rainfall. With the steady flow of storms, the ground is saturated, and your lawn needs time to dry out. Recent rainfall only added a few inches to regional reservoirs, which continue to be at low levels. The region must continue to conserve water as supply challenges continue into the spring.
 
In April, MWD's Board of Directors will decide the extent of mandatory conservation for fiscal year 2011, when the majority of the wet season has passed and snowpack levels can be better determined. The Water Authority Board of Directors will follow in May.
 
For more information on reservoir levels, click here.

San Diego Business Leaders Appointed to MWD Blue Ribbon Committee

 
Three prominent San Diego County business leaders have been appointed to the 2020 Blue Ribbon Committee, a committee of approximately 20 Southern California corporate, community, and academic leaders put together by the Metropolitan Water District. Ruben Barrales, President and CEO of the San Diego Regional Chamber of Commerce, Julie Meier Wright, President and CEO of the San Diego Regional Economic Development Corporation, and John Lormon of Procopio, Cory, Hargreaves & Savitch were among those selected from more than 120 nominations. 
 
The 2060 Blue Ribbon Committee was established by MWD to develop new strategies for Southern California to adapt for future demands in the distribution of water. Issues impacting water distribution include ensuring an adequate supply, managing energy consumption, attracting a qualified workforce for the MWD, and communicating effectively with the public.
 
For more information click here.
 

The San Diego County Water Authority works through its 24 member agencies to provide a safe and reliable water supply to support the region's $171 billion economy and quality of life of 3 million residents.