<div dir="ltr">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. <div><br></div><div>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. </div><div><br></div><div>TS</div><div><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Restore the Delta</b> <span dir="ltr"><<a href="mailto:barbara@restorethedelta.org">barbara@restorethedelta.org</a>></span><br>Date: Mon, Aug 14, 2017 at 10:30 AM<br>Subject: NEWS: Gaping Holes Found in MWD White Paper #3 on Tunnels Financing<br>To: <a href="mailto:tgstoked@gmail.com">tgstoked@gmail.com</a><br><br><br><u></u>
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<span style="font-size:17px"><strong><em><span style="font-family:playfair display,georgia,times new roman,serif">Press release: </span></em></strong></span><br>
<span style="font-size:20px"><span style="font-family:playfair display,georgia,times new roman,serif"><strong>Restore the Delta Finds Gaping Holes<br>
in MWD White Paper #3</strong></span></span><br>
<span style="font-family:roboto,helvetica neue,helvetica,arial,sans-serif"><a href="http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=2c5e1044ef&e=2ca461c02c" style="color:#336699;font-weight:normal;text-decoration:underline" target="_blank">Read at our website</a>. </span><br>
</p>
<p style="text-align:left"><span style="font-family:roboto,helvetica neue,helvetica,arial,sans-serif">Restore the Delta issued a formal <a href="http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=793a18fcb2&e=2ca461c02c" style="color:#336699;font-weight:normal;text-decoration:underline" target="_blank">response</a> 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.<br>
<br>
<strong>Executive Director of Restore the Delta, Barbara Barrigan-Parrilla said:</strong><br>
“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.”<br>
<br>
<strong>Policy Analyst for Restore the Delta, Tim Stroshane said:</strong><br>
“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.” <br>
<br>
<strong>Policy Advocate for the Sierra Club (CA) Kyle Jones said: </strong><br>
“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.”<br>
<br>
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. <br>
<br>
To read Obegi’s blog, click <a href="http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=42b73471f5&e=2ca461c02c" style="color:#336699;font-weight:normal;text-decoration:underline" target="_blank">here</a>.<br>
<br>
To read Michael’s blog, click <a href="http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=3215f9ebac&e=2ca461c02c" style="color:#336699;font-weight:normal;text-decoration:underline" target="_blank">here</a>.<br>
<br>
To read Restore the Delta’s response, click <a href="http://restorethedelta.us3.list-manage1.com/track/click?u=06887fa70084fef8e939fef63&id=f48e994536&e=2ca461c02c" style="color:#336699;font-weight:normal;text-decoration:underline" target="_blank">here</a>.</span></p>
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