Maxwell Water Intertie Briefing Landowner Meeting September 5, 2018 - - PowerPoint PPT Presentation

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Maxwell Water Intertie Briefing Landowner Meeting September 5, 2018 - - PowerPoint PPT Presentation

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Sites Project Update & Maxwell Water Intertie Briefing Landowner Meeting September 5, 2018 Project Participants Authority 15 agencies within Sacramento Valley + Bureau of Reclamation (non -voting) + Dept. Water Resources (non-voting)

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Sites Project Update & Maxwell Water Intertie Briefing

Landowner Meeting

September 5, 2018

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Project Participants

Authority 15 agencies within Sacramento Valley + Bureau of Reclamation (non -voting) +

  • Dept. Water Resources (non-voting)

Reservoir Committee (24 participants) 14 Sacramento Valley 2 Bay Area 3 San Joaquin Valley 6 Southern California

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Current Participation

Total acre-ft: 365,911. Authority: 15 Agencies Non-Voting (US Bureau of Reclamation

& Department of Water Resources)

Combined: 34 participants

2018 Aug 24 Subject to change 3

Sacramento Valley

Organization Acre-ft.

Glenn County

  • Maxwell Irrigation District
  • Tehama-Colusa Canal Authority
  • PCWA & City of Roseville
  • Sacramento Co WA & City of Sacramento
  • Colusa County

10,000. Colusa County Water District 32,111. Glenn-Colusa Irrigation District 20,000. Orland-Artois Water District 20,000. Tehama-Colusa 4

  • Reclamation District 108

20,000. Western Canal Water District 3,500. Westside Water District 25,000. Cortina Water District (TC-4) 300. Davis Water District (TC-4) 2,000. Dunnigan Water District (TC-4) 5,000. LaGrande Water District (TC-4) 1,000. City of American Canyon 4,000. Carter MWC 1,000. Garden Highway MWC 4,000.

Beyond the Sacramento Valley

Organization Acre-ft.

Antelope Valley-East Kern WA 2,000. Coachella Valley Water District 26,500. Desert Water Agency 6,500. Metropolitan Water District 50,000. Pacific Resources MWC 20,000. San Bernardino Valley Muni WD 30,000. San Gorgonio Pass Water Agency 14,000. Santa Clara Valley Water District 24,000. Santa Clarita Water Agency 5,000. Wheeler Ridge-Maricopa WSD 20,000. Zone 7 Water Agency 20,000.

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Sites Project Facilities

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Maxwell Water Intertie Project

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Maxwell Water Intertie Project

USDA Rural Development

  • Community Facilities Direct Loan Program
  • Long-Term loan program to support the financing of the Maxwell

Water Intertie project

Project Goals

  • Improve the transfer of water between the Tehama-Colusa Canal

and Glenn-Colusa Irrigation District Canal systems

  • Convey water in both directions between the two canals and

provide a regulating pool within the facilities operated by the Tehama-Colusa Canal Authority for Glenn-Colusa Irrigation District use

  • Improve water management facilities and activities for use by some

participating water agencies for agriculture to benefit to rural communities

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Maxwell Water Intertie Project

Project Development:

▪ Authority would construct, own and operate the facilities ▪ Submitted a loan application.

  • a. conceptual level engineering design,
  • b. Financial Feasibility Study
  • c. Draft Environmental Assessment

▪ The draft Environmental Assessment is out for public review Public comment period ends September 15, 2018 ▪ Next Steps:

  • a. USDA review.
  • b. Conditional loan approval decision later this fall
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Maxwell Water Intertie Project

Proposed Action

▪ Granting of a conditional obligation for a USDA Community Facilities Direct Loan USDA’s approval of the loan is not a approval to construct ▪ Conditions before funds become available:

  • a. Complete engineering
  • b. Complete environmental analysis,
  • c. Acquire permits to construct and operate
  • d. Finalize participation and secure financing
  • e. Satisfy other conditions as required by USDA

f. Acquire property & construct facilities

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Features Benefits ▪ Offstream Minimal in -river impacts Easier to permit (in theory) ▪ Cooperative operations Increases effectiveness of existing storage ▪ Locally-led Aligns w ith Sacramento Valley’s values Local management control ▪ Dual governance Fosters statewide collaboration & partnerships ▪ Beneficiary Pays 60% W ater Supply 40% Environment – A New Tool ▪ 40% managed by Adds flexibility resource agencies Adaptable to current conditions and priorities W ater could be sold to fund restoration projects ▪ Hydropower Integrates with renewable energy

What Makes Sites Different?

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Sites History Project

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Sites History Project

Triangulation Station South of Stone Corral USGS Field Party October 1904

Dry land farming, Sites More information and historical photos will be available on the Sites Project website soon!

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Federal Authorizations

ROW Final EIR/S

Draft EIR/S

2022

Supplemental Feasibility Report Final Feasibility Report

FEDERAL WIIN ACT Application Review

Consultation & Permits Preliminary Design & Geotech Final Design Construction Early Ops Full Operations Construction Management

PROP 1 CA WATER COMMISSION PLANNING & PERMITTING ENGINEERING & RIGHTS OF WAY CONSTRUCTION & COMMISSIONING OPERATIONS

Phase 2A 2B Phase 4 Phase 1

2018 Mar 25, Working Draft, Subject to Change

Encumber Prop 1 Funds Final EIR/EIS

▪ MCED ▪ Early Funding

2019 2020 2026

Time Now

Jan 2018

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2030

Certify EIS & Accept BiOps

Schedule

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Update on Project Activities

July ▪ Proposition 1 funding decision: the most of any applicant August ▪ Federal Feasibility Study ▪ Maxwell Water Intertie Project September and Beyond ▪ Federal funding decisions ▪ Participation agreements ▪ Temporary Entry Permits ▪ Field surveys ▪ Permitting ▪ Final environmental review ▪ Preliminary Engineering

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CA: Proposition 1

(Early Funding)

Fed: WIIN Act

(Appropriations & Prepayment) Credit Ratings Take or Pay

Step-up Taxable & Tax-Exempt

Repayment Options Participant Mix

Feasibility Report

Cost Development Model Statement of Charges

Operational Uncertainties

Cost & Financing

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For first 10 years, repay lender’s costs For first 10 years, lender’s costs + interest Repay interest and principle from start

$ $/AF $ $/AF $ $/AF

335,000 AF 335,000 AF 335,000 AF

Annual Debt Service in 2018 Dollars 288,625,644 862 201,214,097 601 186,558,738 557 in 2032 Dollars 436,572,184 1,303 304,354,376 909 282,186,829 842 Annual O&M in 2018 Dollars 27,804,780 83 27,804,780 83 27,804,780 83 in 2032 Dollars 36,687,817 110 36,687,817 110 36,687,817 110 Annual Revenue in 2018 Dollars 23,303,899 70 16,278,961 49 15,957,573 48 in 2032 Dollars 29,913,463 89 22,679,581 68 22,234,607 66 Total Cost in 2018 Dollars 293,126,526 875 212,739,917 635 198,405,945 592 in 2032 Dollars 443,346,538 1,323 318,362,612 950 296,640,040 885 40 Years, 10 years Capitalized Interest 40 Years, 10 years Interest Only 40 Years, Amortize Immediately

PHASE 3-4 FINANCIAL MODELING

(Base Case with 3 repayment methods)

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PRELIMINARY RESULTS: CURRENT COST ESTIMATE of $6,464 million (future $)

Fixed payment Escalates

  • ver time

Variable

  • ver time

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Annual O&M is for delivery at Holthouse. Delivery to Sacramento River adds $17($22) per AF respectively for 2018 $ (2032 $)

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