Poseidon Deal Will Finance New Ocean Intake for Desalination Plant

The California Pollution Control Financing Authority plans to price $158 million in revenue bonds next week to pay for modifications to the seawater intake system for a San Diego County desalination plant.

The Claude “Bud” Lewis Carlsbad Desalination Plant was built by private operator Poseidon as a partnership that supplies water to the San Diego County Water Authority.

The plant, developed by Poseidon and operated by IDE Technologies, has produced more than 100 billion gallons of desalinated seawater since it opened in December 2015, providing San Diego County with 10% of its water supply each year, according to the preliminary limited offering memorandum.