The San Diego County Water Authority board of directors today unanimously voted to support two pieces of state legislation that are key to successful completion of the Quantification Settlement Agreement (QSA).
Category Archives: Finance & Investor Relations
Toilet discounts up to $165 for water-saving toilets won’t be around much longer
Homeowners who want to reduce their water use and expense can turn to high-efficiency toilets and a voucher discount worth up to $165 off the price of qualifying models. But they need to act soon. Available for 15 years in San Diego County, the discount incentive opportunity for single-family property owners ends March 31, 2007.
New Agricultural Water Program Benefits San Diego County Growers
The San Diego County Water Authority’s Board of Directors last week approved a new and permanent Special Agricultural Water Rate structure that offers lower water rates to farmers in exchange for lower water supply reliability. Unlike the current temporary program, the new program will let new participants join as a way to strengthen the region’s multi-billion-dollar agriculture industry. New ag water program rates will be determined in the spring of 2020 as part of the Water Authority’s annual rate-setting process. The program will take effect January 1, 2021, replacing the current program that sunsets at the end of 2020. Additional […]
Water Authority Board Expands Conservation Efforts
The San Diego County Water Authority board of directors today approved an expanded water conservation plan that enhances current programs and adds innovative new programs to the effort. The plan, which places special emphasis on outdoor landscape conservation programs, will result in an additional water savings of 47,091 acre-feet over the next five-to10 years.
San Diego County Water Authority Board Endorses Proposition 50
The San Diego County Water Authority Board of Directors has endorsed Proposition 50, the $3.4 billion state bond initiative that would provide funds to address economic and environmental concerns for the San Diego – Imperial County water transfer through Senate Bill 482 and Assembly Bill 1473. California voters will decide on this ballot initiative on November 5, 2002.
Water authority approves $479.9 million budget for fiscal year 2002-2003
The board of directors of the San Diego County Water Authority approved a $479.9 million budget that will allow the Water Authority to continue providing a safe, reliable water supply to the region. Revenues and other funding sources for the fiscal year are expected at $490.8 million. The Water Authority's fiscal year begins July 1.
Water authority revises rate structure
The board of directors of the San Diego County Water Authority approved a new system of rates and charges to fairly allocate the costs of providing water and other services to member agencies. The new rate structure is divided into categories to specifically address the different services supplied to member agencies which buy water from the Authority. It will be effective Jan. 1, 2003.
Water Authority earns credit rating upgrade from Standard & Poor’s
The bond rating for the San Diego County Water Authority was upgraded on May 9 by Standard & Poor's, a rating agency, from its current level of "AA-(minus)" to "AA." Two other rating agencies, Moody's and Fitch affirmed their credit ratings on May 10 regarding Water Revenue Certificates of Participation at levels of "Aa3" and "AA-," respectively. The Moody's rating was also accompanied by a "Stable Outlook" position for the Authority.
Water Authority to refund $7.159 million to member agencies
The San Diego County Water Authority board of directors has voted to refund $7.159 million in water sales revenues to its member agencies. The checks are scheduled to be issued on April 12, 2002, according to James F. Turner, chairman of the board.
äóÂäóÂThe money will be refunded to the Authority’s member agencies based on the Authority’s net water sales receipts per member agency for the period in which the revenues were collected.äóÂäóÂ
Court Reaffirms Prior Order Granting Discovery in Water Authority’s Rate Case Against Metropolitan Water District of Southern California
San Francisco Superior Court Judge Richard A. Kramer today reaffirmed his January 6 order granting discovery in the San Diego County Water Authority's lawsuit challenging 2011 and 2012 water rates adopted by the Metropolitan Water District of Southern California. In reaffirming his prior ruling, Judge Kramer rebuffed attempts by MWD to assert limits on discovery before the process has even commenced.