ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Metropolitan Statement on Colorado River Reservoir Conditions

Jeffrey Kightlinger, general manager of the Metropolitan Water District of Southern California, issues the following statement on the Bureau of Reclamation’s latest 24-month study on Colorado River system reservoir conditions.

“The past 10 years of Colorado River runoff have been the driest in the river’s history, exacerbating a drought that spans more than two decades. Despite these conditions, we’ve been able to avoid shortages by working with our partners throughout the Lower Basin states to reduce water deliveries from Lake Mead. Over the last decade, our collective conservation and storage programs have added nearly 50 feet to water levels in the reservoir. Unfortunately, it appears that continued hot and dry conditions throughout the Basin mean a shortage declaration can no longer be avoided. While Metropolitan’s supplies are not reduced in a tier 1 shortage, if Lake Mead’s level continues to drop, we are prepared to make our required contributions.

“Until then, we’re being careful about how much of our stored water we draw from Lake Mead, even as we face drought conditions at home as well. Because of critically dry conditions in California’s Sierra Nevada – Metropolitan’s other source of imported supplies – we’re relying more heavily on the Colorado River this year. But that reliance has not come at the expense of Lake Mead. Instead, we’ve been able to fill the Colorado River Aqueduct thanks to our partnerships forged with agricultural agencies along the river. The water saved through our programs funding partial land fallowing, crop rotation and irrigation improvements is either diverted in the year that it is needed or stored in Lake Mead for years like this one. These valued partnerships help us manage through the challenge of critically dry conditions on both of our imported water sources.

“Our partnerships across the Basin will be even more critical as we look ahead. The conditions we’re seeing this year highlight the threat of climate change and the drying trend we’re seeing on the river. We must continue to work collaboratively as we begin longer-term discussions on how to address the river’s supply imbalance.”

The Metropolitan Water District of Southern California is a state-established cooperative that, along with its 26 cities and retail suppliers, provide water for 19 million people in six counties. The district imports water from the Colorado River and Northern California to supplement local supplies, and helps its members to develop increased water conservation, recycling, storage and other resource-management programs.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.41
+1.37 (0.56%)
AAPL  268.47
-1.30 (-0.48%)
AMD  233.54
-4.16 (-1.75%)
BAC  53.20
-0.09 (-0.17%)
GOOG  279.70
-5.64 (-1.98%)
META  621.71
+2.77 (0.45%)
MSFT  496.82
-0.28 (-0.06%)
NVDA  188.15
+0.07 (0.04%)
ORCL  239.26
-4.54 (-1.86%)
TSLA  429.52
-16.39 (-3.68%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.