Feds Are Flooding California’s Water Market
WATER PRICE LINE RISING: Who could forget last May, when Arizona, California and Nevada made a three-year pact to conserve water from the Colorado River? Many thought it couldn’t be done, but with Lake Mead reservoir levels at a historic low, and the federal government poised to wrest control of the process, the states agreed to conserve 10 percent of their water — nearly a billion gallons — between now and 2026.