The Metropolitan Water District of Southern California, a powerful regional agency that provides water to 19 million people, paid nearly $88 million to exit interest-rate swap deals, and still has a $71.5 million liability on the books. Such payouts and the liability that remains show Metropolitan got the raw end of the deals and lost.
At very least, an appellate court ruling this week is a momentary setback for the San Diego County Water Authority at crucial time in California water policy and politics. The Water Authority has two major decisions to make by the end of the year and the ruling plays some part in each of them.
Does increased reliability come at a price? Of course, and San Diegans get that.
The recent rain and snow across much of the state seem to have given water agencies breathing room to think long and hard about one oft-floated solution that came up a lot during the drought: desalination.
The San Diego County Water Authority paid for a poll last month that asked voters whether they would support the state seizing control of water supplies across the region, including much of the water used in San Diego. The $31,000 poll is part of an aggressive campaign the Water Authority is waging against another public water agency, the Metropolitan Water District of Southern California.
A typical San Diego household pays about $80 a month for water. The national average is less than $40 a month, according to a recent survey. By all indications, water prices in San Diego will keep rising.
The city of San Diego worries some of its dams “may be nearing the end of their useful service life” and is spending up to $5 million to see how they’re doing. Most city dams are 80 years or older.
When it rains big in San Diego, people always wonder why we can’t capture it. We do capture a lot of it, but it’s the first we choose to use because it’s the cheapest.
Last fall, months before San Diego Unified School District began testing all schools’ drinking water for lead, it did a special round of tests a Sunset View Elementary in Point Loma. The district found lead but didn’t tell parents. Rather, it told one parent – the one who’d requested a lead test.
The San Diego County Water Authority isn’t opposed to testing water in schools for lead – it’s just opposed to paying for it. One official said recent proposals are just attempts at “sexy legislation” intended to make a splash with the public.