EIDwcharts

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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

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