SDCTA Supports Agreement to Purchase Desalinated Water from Proposed Carlsbad Plant
Watchdog group cites ratepayer protections in 30-year deal
SAN DIEGO – November 19, 2012: The San Diego County Taxpayers Association (SDCTA) Board of Directors voted Friday to support the Water Purchase Agreement for the drinking water produced by the Carlsbad Desalination Project.
The organization determined the comprehensive contract between the County Water Authority (CWA) and the project developer, Poseidon Resources, provides considerable protections for ratepayers, minimizing the risk to ratepayers of nonperformance and construction cost overruns.
“Our support is in part based on the numerous ratepayer protections built into the agreement, which ensure that major risks are on the project’s developer and not on the public,” said Lani Lutar, President and CEO of the Taxpayers Association. Download the full article.
What's the latest?