Water Authority Saves $51 Million with Bond Refunding

The San Diego County Water Authority on Wednesday priced a $299 million bond sale that will reduce the cost of financing vital water supply reliability projects over the next two decades.

When completed, the sale of Senior Lien Water Revenue Refunding Bonds Series 2013A will refund $299 million in long-term, fixed-rate bonds from the agency’s 2004A series.  Closing is expected in about four weeks.

Water Authority Launches ‘MWD Facts: The Truth About the Metropolitan Water District of Southern California’

The San Diego County Water Authority today launched a new website – www.MWDFacts.com — to provide greater information and transparency into the powerful and secretive Metropolitan Water District of Southern California. The Water Authority is a member agency of MWD, which serves more than half of California’s population in a service area with an economy with a gross domestic product of greater than $1 trillion.

‘Love Your Water’ Campaign Embraces Region’s Most Precious Natural Resource

Today – Valentine’s Day – the San Diego County Water Authority kicks off its second annual smartphone photo contest designed to showcase how people cherish the region’s most precious natural resource. It’s a more important topic than ever this year as dry conditions statewide have heightened awareness about water supplies and the need to use water efficiently.

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.

Water Authority Saves Nearly $18 Million with Bond Refunding

The San Diego County Water Authority on Tuesday secured nearly $18 million in savings on future debt payments for the region’s water ratepayers by refinancing bonds used to build a major pipeline connected to the Claude “Bud” Lewis Carlsbad Desalination Plant. Savings achieved this week topped earlier projections of $13.6 million through June 2046 on a net present-value basis due to strong demand for the $185 million issuance. Forty-five investors made orders for the bonds that totaled nearly $2 billion. The Water Authority benefitted from having one of the only deals of its kind on the market this week – […]

San Diego County Garden-Friendly Plant Fairs Offer Deep Discounts and Tips

The San Diego County Water Authority and several member agencies have teamed with The Home Depot to offer significant savings at San Diego County Garden-Friendly Plant Fairs in February, March and April.

San Diego County Garden Friendly Plant Fairs

Plant Fairs are 8 a.m. to noon at these locations of The Home Depot:

San Diego Region Wins $500,000 for Water Supply Development Research Projects

Three projects designed to enhance water supply reliability across the San Diego region have secured a total of $500,000 in grant funds for advanced planning activities from the Metropolitan Water District of Southern California. The funding will allow the Water Authority, Padre Dam Municipal Water District and a collaborative effort by City of San Diego and Olivenhain Municipal Water District to take a variety of supply development plans to the next level, continuing the region’s successful efforts to diversify its water supplies. MWD’s Future Supply Actions Program supports technical studies that enable effective resource planning. MWD offered $3.5 million in […]