[env-trinity] Fwd: NEWS: Gaping Holes Found in MWD White Paper #3 on Tunnels Financing

[Tom Stokely]

Regardless of what the esteemed Dr. Peter Moyle says about the Delta
Tunnels, it looks like the ratepayers of the Metropolitan Water District of
SoCal are about to be hoodwinked into much higher rates based on bogus
economic assumptions for the project.

A similar thing happened when Santa Barbara decided to connect to the State
Water Project.  They were told that the project would cost $270 million
(without interest).  The construction ended up costing $600 million, and
with interest and other costs added in, it was actually $1.76 billion.
It's been an opportunity lost to invest in other options like recycling,
stormwater capture, conservation and desalination.

TS

---------- Forwarded message ----------
From: Restore the Delta <barbara at restorethedelta.org>
Date: Mon, Aug 14, 2017 at 10:30 AM
Subject: NEWS: Gaping Holes Found in MWD White Paper #3 on Tunnels Financing
To: tgstoked at gmail.com


Water experts speak out!

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*Press release: *

*Restore the Delta Finds Gaping Holes in MWD White Paper #3*
Read at our website
<http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=2c5e1044ef&e=2ca461c02c>
.


Restore the Delta issued a formal response
<http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=793a18fcb2&e=2ca461c02c>
to the Metropolitan Water District of Southern California third and final
white paper on the Delta Tunnels. The response illuminates the gaping holes
in MWD’s financial analysis on various CA WaterFix costs.

*Executive Director of Restore the Delta, Barbara Barrigan-Parrilla said:*
“MWD's failure to analyze water costs in dry and drought years and water
use by consumers so as to determine the real cost per household for
WaterFix make this analysis invalid. MWD staff clearly wants to build this
project so that water can be sold for maximum profit.”

*Policy Analyst for Restore the Delta, Tim Stroshane said:*
“With its latest financing paper, MWD pedals a wish and a prayer to its
board that a $17 billion Tunnels project will only cost its 6.2 million
residential customers $2 to $3 per month. MWD’s rosy picture omits the cost
of their customers’ Tunnels water use. This is analytical malpractice of
the highest order.”

*Policy Advocate for the Sierra Club (CA) Kyle Jones said: *
“Metropolitan Water District continues to paint the Tunnels in the best
light, using the lowest cost estimates possible. This proposed fantasy
ignores costs of mitigation for their environmental harm, and assumes that
all contractors are willing to pay for this $68 billion boondoggle.
Metropolitan also cherry picks alternative options for the Tunnels that
look at only the most expensive options. Any true alternatives analysis,
including conservation, efficiency, and groundwater cleanup, would show
that there’s a better path forward for Metropolitan customers to develop a
climate-resilient water system that isn’t conditioned on destroying the San
Francisco Bay Delta.”

University of the Pacific Economist Dr. Jeff Michael and NRDC Senior
Attorney Doug Obegi expressed similar sentiments in their respective
analyses on MWD white paper #3. We thank them for their ongoing commitment
to discovering the true costs and financial irresponsibility of the CA
WaterFix project.

To read Obegi’s blog, click here
<http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=42b73471f5&e=2ca461c02c>
.

To read Michael’s blog, click here
<http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=3215f9ebac&e=2ca461c02c>
.

To read Restore the Delta’s response, click here
<http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=f48e994536&e=2ca461c02c>
.

###
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