Transcript EIDwcharts
How Is EID doing?
EID Mission Statement
“We are a public agency dedicated to
providing high quality water, wastewater
treatment, recycled water, hydropower, and
recreation services in an environmentally
and fiscally responsible manner.”
Fiscal Responsibility and EID
Drought
conservation status
Water rights threatened
$49 Ag vs. $829 residential water
No drought in EID spending
Next debt offering will increase rates
15%
It takes three!
Drought conservation
We need to maintain vigilance
-- Everybody needs to help conserve
That said:
-- The weather is a big factor (heat/rain)
-- EID is a big culprit/ 6,800+af leaks
-- Measurement unfair to residential
customers who conserved 18% prior
-- Small farm $49 usage up 1,400 af
Water rights threatened
State board trying to overturn legal rights
EID seeking litigation partners to protest if
pre-1914 water rights abrogated
EID expects 17,000 af of new consumptive
water rights that will aid carryover storage
EDWPA seeking 40,000 af of new water
rights although 60% is for new rooftops and
40% is for Agriculture…highly speculative
as to whether project will be successful
$49 vs. $829 water
By CA law, rates must be cost-proportional
Yet:
-- Agriculture and small farms pay $49
per acre foot of all outside water
-- Residential ratepayers pay $829 per
acre foot for most all outside irrigation
-- Board split 2-3 as to acknowledging,
much less addressing, this $49 vs. $829 rate
differential
No drought in spending
Every Management spending proposal
brought to EID board this year has
passed 3-2, 4-1 or 5-0
June 9th meeting had $3 million of
projects for a 100% cost-overrun bridge,
vehicles, hydroelectric…all passed 3-2
Each million dollars spent brings us
closer to next debt offering and next
15% additional rate hike
More debt = more rate hikes
One-third of rates go to pay for debt
EID General Manager planning $65
million new debt
$65 million new debt will require 15%
more rate hikes (on top of rate hikes for
increased salaries, benefits and other
inflation)
It takes three!
EID board has two fiscal conservatives
putting interests of residential ratepayers
first.
It takes three (of five) board directors to
direct:
- Less spending
- Less new debt
- Less rate subsidies to special interests
- Less new rate hikes