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Temperance Flat Dam Returns $171 Million to State. Still, Backers Swear It’s ‘Not Dead’

/in , /by /The Fresno Beeby Monica Vaughan and Danielle Bergstrom

Backers of a $3 billion project to construct the tallest dam in California swear the project isn’t dead, despite the Temperance Flat Reservoir Authority returning money and canceling applications. After it became clear that the reservoir project on the San Joaquin River west of Auberry would not reach upcoming deadlines for studies and funding, Temperance Flat Reservoir Authority declined $171 million designated by the California Water Commission and withdrew its application for additional funding, according to a resolution signed by the Authority on Oct. 30.

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Investors Can Now Trade On and Profit From California Water — How Might That Work Out?

/in , /by /San Francisco Chronicleby Kurtis Alexander

It’s not just Californians paying attention to the state’s water supply anymore. It’s Wall Street.

In a sign of the growing value of water in a warming world, investors began trading futures of the coveted commodity, tied to California water prices, for the first time last week.

The novel marketplace allows speculators to make money betting on future prices of California water while allowing farmers, businesses and municipal suppliers to hedge against price swings and stabilize their costs.

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Proposed Agreement Could Boost Funds to Fix Friant-Kern Canal

/in , /by /SJV Waterby Lois Henry

In what was hailed as a “landmark agreement,” farmers in an area of southern Tulare County blamed for sinking the Friant-Kern Canal from excessive groundwater pumping will chip in a hefty amount to help pay for a fix.

How hefty could be decided by their payment choice.

A longer term payment option would be $200 million.

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SCWD to Receive $8.3M From Feds For Desalination Project

/in , /by /Laguna Beach Independentby Daniel Langhorne

South Coast Water District is set to receive an $8.3 million federal grant for the Doheny Ocean Desalination project secured during the previous round of funding, a district spokesperson said Wednesday. The grant from the U.S. Bureau of Reclamation was green lighted by Congress in 2019. SCWD is in line to receive an additional $11.7 million grant for the desalination project that could potentially be approved by lawmakers this year or next.

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Does Klamath Dam Removal Even Need an Extra $45 Million?

/in , /by /Herald Newsby Alex Schwartz

After the signatories to the Klamath Hydroelectric Settlement Agreement officially recommitted to removing four dams on the Klamath River last month, local politicians brought up concerns with Oregon, California and PacifiCorp committing more funds to the project.

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California’s $16 Billion Climate-Hardy Water Tunnel Moves Ahead

/in , /by /Bloomberg Law by Emily C. Dooley

California’s plans to build a new tunnel to move water from the northern Delta to the thirsty, populous south of the state advanced a step Tuesday, when a key partner agreed to help fund some of the effort. The board of the Metropolitan Water District of Southern California, the largest treated water supplier in the nation, voted to pay nearly $59 million in 2021 and 2022 to the state Department of Water Resources to help move the project forward.

 

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Upland OKs New $15.4 Million Reservoir to Replace One that Could Fail

/in , /by /Daily Bullitenby Steve Scouzillo

After four years of planning, the city of Upland soon will begin construction on a $15.4 million concrete reservoir to replace an old one in danger of failing. The new above-ground, 7.5 million-gallon reservoir will be built adjacent to the old one on the northwest corner of 17th Street and Benson Avenue that was said to be similar to one in Westminster that failed in 1989.

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FPUD Outlines Rate Setting Process

/in , , /by /Village Newsby Joe Naiman Mentioned: San Diego County Water Authority

A presentation at the Oct. 26 Fallbrook Public Utility District board meeting outlined the process of setting calendar year 2021 rates. The presentation was a nonvoting item, but the FPUD board members expressed no objection to the schedule.

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FPUD Receives Highest Award for Financial Reporting

/in , /by

Fallbrook, Calif. – The Fallbrook Public Utility District has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of America and Canada (GFOA).

The certificate is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management, according to GFOA.

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Water Utilities Pin Hopes on WRDA Bill During Coronavirus Pandemic

/in , , /by /The Bond Buyerby Sarah Wynn Quoted: San Diego County Water Authority

The Senate and House will negotiate soon on robust legislation for water infrastructure projects, which is especially critical for water and wastewater facilities during the coronavirus pandemic.

In a letter sent to Republican and Democratic congressional infrastructure leadership on Monday, the National Association of Clean Water Agencies urged that the Water Resources Development Act of 2020 authorize strong funding for the public water sector.

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