Voice of Orange County
Op-Ed by Kelley Gage
A recent news release posted on the Voice of OC website was clouded by mischaracterizations of the Claude “Bud” Lewis Carlsbad Desalination Plant, which provides an important source of drinking water for San Diego County and reduces our region’s reliance on the Sacramento-San Joaquin Bay-Delta.
The plant is the result of a historic public-private partnership between the San Diego County Water Authority and Poseidon Water to ensure supply reliability for more than 3 million residents across the region. It helped to ensure that the Water Authority had sufficient water to meet demand during the last drought, and we are confident it will help us weather the next drought … and the one after that.
Innovative Public-Private Partnership Creates Reliable Water Supply for Region
Carlsbad, CA (October 7, 2019) – The Claude “Bud” Lewis Carlsbad Desalination Plant maintains an investment grade rating in the latest report from Fitch Ratings, affirming the plant’s sound financial management and its ability to provide a stable, reliable source of drinking water to the San Diego region. As the largest, most technologically advanced and energy-efficient desalination plant in the nation, the Carlsbad Desalination Plant’s revenue stability stems from an effective collaboration between Poseidon Water and the San Diego County Water Authority.
“We are pleased by the acknowledgement that the Carlsbad Desalination Plant continues to be financially strong,” said Carlos Riva, CEO of Poseidon Water. “The plant is meeting all financial obligations and making debt service payments on schedule. The benefits of the public-private partnership are working exactly as intended to protect the Water Authority and its customers.”
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