Tag Archive for: California

Water Futures Market Fails to Make a Splash with California Farmers

/in , , /by /Reutersby Karl Plume

Former bond trader Alan Boyce is just the type of California farmer expected to dive into the world’s first water futures contract.

Boyce is comfortable navigating financial tools, and he grows irrigated pistachios, tomatoes, alfalfa and other crops in California’s drought-prone Central Valley. But he says the water contract is still too illiquid to benefit him.

Financial exchange operator CME Group launched the contract late last year to help big California water users such as farmers and utilities hedge rising drought risk and give investors a sense of how scarce water is at any given time. The exchange and a United Nations report said this is the first water futures contract in the world.

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Where Did Sierra Snow Go this Spring? Not Into California Rivers and Water Supplies

/in , , /by /The Mercury Newsby Paul Rogers

California’s severe drought was made worse this year by a shocking surprise.

Every year, much of the drinking water that flows through the taps of millions of Californians begins in the Sierra Nevada. Snow and rain fall on the vast mountain range during the winter months, and the water moves downhill into streams, rivers and reservoirs in the spring and summer.

But this year, in a trend that startled water managers, much of that runoff simply vanished.

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These Parts of California are Most Vulnerable to Drought

/in , , /by /San Francisco Chronicleby Yoohyun Jung

As California’s drought continues to intensify, thousands of water agencies across the state are now facing restrictions. For many large water districts, like those serving San Francisco, Oakland and Berkeley, this isn’t a huge problem, as they have ample water reserves. But many rural areas of the state and smaller water systems are more vulnerable, and the drought could have devastating consequences.

California’s last drought, which lasted from 2011 to 2017, was particularly hard on rural communities and small water suppliers, state officials say. In 2016, the California legislature passed a law tasking the state’s Department of Water Resources to identify the most vulnerable communities and make recommendations to help them plan for emergencies.

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The Last Thing California Needed: Drought Adds to Electricity Woes as Hydro Power Dries Up

/in , , /by /The Sacramento Beeby Dale Kasler

California’s shaky power grid is on a collision course with an epic drought that’s depleting a major source of supply: hydroelectricity.

The Western heatwave that began Wednesday has the manager of the state’s grid, the California Independent System Operator, warning of potential power shortages through the weekend. Although the organization stopped short of predicting another round of rolling blackouts, it appealed to Californians to conserve energy to get the state through a tough week. The National Weather Service said temperatures are expected to reach 110 degrees Thursday.

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Opinion: State Restrictions Reflect Urgent Need to Conserve Water

/in , , /by /The Mercury News

The state’s decision this week to cut off Sacramento-San Joaquin River Delta access to thousands of farmers and water agencies highlights the need for serious and immediate conservation throughout the Bay Area and California.

It’s been obvious for months that the state faces its most serious water shortage since the historic 2012-16 drought. Bay Area water agencies should be imposing mandatory water restrictions on users now.

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California Farmers Told Drought Could Cut Off Their Water

/in , , /by /AP News

Thousands of Central California farmers were warned Tuesday that they could face water cutoffs this summer as the state deals with a drought that already has curtailed federal and state irrigation supplies.

The State Water Resources Control Board notified about 6,600 farmers in the Sacramento-San Joaquin Delta watershed who have rights to use water from the Central Valley estuary of “impending water unavailability” that may continue until winter rains come.

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California Walking a ‘Tight Rope’ as Hydropower Supply Fades

/in , , /by /Bloomberg Greenby Brian Eckhouse

The catastrophic drought that’s gripping the U.S. West is claiming a new victim: the hydropower dams that much of the region depends on for electricity supplies. Low water levels in key reservoirs mean that hydropower supplies are declining. One of the hardest hit areas is California, where output has tumbled to the lowest in more than five years. Nationally, the U.S. Energy Information Administration predicts electricity generation from conventional hydro sources will drop about 11% this year from 2020.

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Opinion: California Drought Sharpens Perpetual Water Conflict

/in , , /by /CalMattersby Dan Walters

California never has enough water to meet all demands and even when supplies are relatively robust there’s a triangular competition over their allocation. Farmers, municipal users and environmental advocates vie for shares of water that has been captured by California’s extensive network of dams and reservoirs. Their battles are waged in the state Capitol, in Washington, in regulatory agencies and in the courts and over time, the trend has been a subtle shift of supplies from long-dominant agriculture to protecting flows for fish and other wildlife while maintaining the relatively small amount consumed in urban areas.

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Final Plan for Water Releases Into Sacramento River Could Kill Up to 88% of Endangered Salmon Run

/in , , /by /San Francisco Chronicleby Tara Duggan

The California water board has approved a plan for water releases into the Sacramento River that could kill off an entire run of endangered chinook salmon and put at risk another population that is part of the commercial salmon fishery.

The State Water Resources Control Board has informed the federal Bureau of Reclamation it would accept its final plan for managing water flows from Shasta Lake into the Sacramento River, which is both the main source of water for Central Valley farms and the spawning habitat for chinook salmon. Because the bureau’s plan involves releasing water to irrigation districts earlier in the season, the river will be lower and warmer during salmon spawning season and could result in killing as many as 88% of endangered winter-run chinook eggs and young fish.

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Tulare County’s Never-Ending Drought Brings Dried Up Wells and Plenty of Misery

/in , , /by /CalMattersby Julie Cart

Severe drought is gripping most of California, but its misery isn’t spread equally. While most of the state compares today’s extreme conditions to previous droughts, people in Tulare County speak of drought — in the singular, as in a continuous state of being.  “The drought has never stopped in north Tulare County. It never left,” said county Supervisor Eddie Valero. “Domestic wells are drying up at an alarming rate.” The entire West is suffering from extreme dryness, heat and fire risk, and the small, rural towns of northern Tulare County, outside of Visalia, are caught in its vortex.

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