The California Drought has elicited fascinating reactions. Water was moved by truck—whether to meet basic human health and safety needs in areas where wells ran dry; comfort and aesthetic needs in affluent communities like Montecito; or individual luxury needs, like the case of the celebrity who was fined for illegally transporting water over district boundaries […]
After reading the California Debt and Investment Advisory Commission’s study (“CDAIC Study”) on Bay Delta Conservation Plan (“BDCP”) financing considerations and risk, State Water Project (“SWP”) contractors and (especially) Central Valley Project (“CVP”) contractors should take a fresh look at the financial realities of relying on the BDCP. Unlike the study’s discussion of BDCP affordability, […]
Time to step back and collect the key points of this 8-post series on the Bay Delta Conservation Plan. There were many themes relevant to the BDCP or, for that matter, any other water project. By following them, one can have an accurate assessment of the economics, risks and choices related to a venture. Ignoring […]
Nope. Rising debt burdens in California is a “headwind” for voter-approved water bonds. Given the crowd I roll with, this is conventional wisdom. I find unconvincing Department of Water Resources (“DWR”) discussion of bond funding for the conservation and restoration part of the BDCP. DWR simply believes that California voters pass water bonds by large […]