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09.08.12

Poseidon Water Purchase Agreement: Private Profit, Public Risk

The Surfrider Foundation, Coastal Environmental Rights Foundation, California Coastal Protection Network, and Coastkeeper released a comprehensive "briefer" today detailing their concerns with the pending Water Purchase Agreement between the County Water Authority (CWA) and Poseidon Resources.

The San Diego County Water Authority is signing a 30-year “take or pay” contract with Poseidon for at least 48,000 (and up to 56,000) acre-feet of water per year. This amounts to $115 million per year, or $3.5 billion for the initial 30-year term of the contract.

The full briefer can be found here

Please join us at the upcoming public workshops hosted to by CWA to learn more and get your questions answered:

  • Tuesday, Oct 2, at 6:30 p.m. at the San Diego County Water Authority, 4677 Overland Ave., San Diego
  • Wednesday, Oct 10, at 6:30 p.m. at the Carlsbad Faraday Center in Carlsbad