Wednesday, July 30, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

EID sells less than half its water

By
From page A5 | July 08, 2013 |

EDITOR: The El Dorado Irrigation District’s just released consolidated annual financial report for 2012 reveals that EID sells less than half its water.

For the third year in a row EID sold less than 30,000 acre feet of water as compared to its 65,000 acre feet of water allocations. The report further revealed another 24,000 acre feet of new EID water allocations are expected by 2015.

So with 89,000 acre feet of water rights on the near term horizon as compared to less than 30,000 acre feet of annual sales, why does EID promote a public perception that EID does not have enough water? And why is EID about to raise $60 million additional debt with half going for capacity expansion yet force current ratepayers to finance 100 percent of the new debt?

EID’s management and board-majority continue to ignore that their first duty is fiscal responsibility to the district’s current 39,000 ratepayers…not to add new capacity for future growth that current ratepayers are forced to finance through more rate hikes.

Already 17 percent of current rates are to finance EID’s past additions of excess capacity. In August 2010, EID’s finance director reported that EID had $137 million of excess capacity at that time.

Within the next few months EID plans to raise $60 million additional debt with half going to develop more excess capacity. Half of the 11 percent water rate hike already board-approved for Jan. 1, 2014 will be to pay for expanding capacity.

The November elections for two EID directors cannot come soon enough for EID’s ratepayers wanting someone to represent them and not obsessed with implausible 80 percent growth projections by 2030 and financed on the backs of ratepayers.

GREG PRADA

Cameron Park

Comments

comments

Letters to the Editor

.

News

Sand Fire nears containment: 66 structures destroyed

By Cole Mayer | From Page: A1 | Gallery

 
District 2 candidate statements tell of goals

By Dawn Hodson | From Page: A1

 
Schedule for Highway 50 blasting closures

By News Release | From Page: A3

Tails wagging over dog park approval

By Julie Samrick | From Page: A3

 
Quarter-acre fire in Kelsey

By Rebecca Murphy | From Page: A3

.

Opinion

My Turn: Privatization of public services

By Mark Belden | From Page: A4

 
Policy book

By Mountain Democrat | From Page: A4

 
.

Letters

GDPUD management report

By Letters to the Editor | From Page: A5

 
District 2 supervisorial special election

By Letters to the Editor | From Page: A5, 3 Comments

Piano replaced

By Letters to the Editor | From Page: A5

 
Comments sign-in policy

By Letters to the Editor | From Page: A5, 1 Comment

Save the Guinea Worm

By Letters to the Editor | From Page: A5, 1 Comment

 
Large bangs

By Letters to the Editor | From Page: A5, 2 Comments

Private property gets no respect

By Letters to the Editor | From Page: A5, 1 Comment

 
.

Sports

Ex-Bruin lends a helping hand

By Steven Shaff | From Page: A8 | Gallery

 
Sierra Sharks finish middle of the pack

By Democrat Staff | From Page: A8

Roundup: July 29, 2014

By Democrat Staff | From Page: A8

 
Taz pull through for SSL trophy

By Patty Pope | From Page: A8

.

Prospecting

Nuns discover a pleasant place

By Lexi Boeger | From Page: B1 | Gallery

 
Bargains can be found everywhere

By Democrat Staff | From Page: B2 | Gallery

At a glance: Game time

By Mimi Escabar | From Page: B2

 
Barbecue dinner to benefit Blue Star Moms

By Mount Aukum Winery | From Page: B2

Stroke and osteoporosis screenings planned

By Life Line Screening | From Page: B3

 
Stagecoach story takes riders on a trip

By Wendy Schultz | From Page: B3

Help needed to make cool ties

By Sew 4 | From Page: B3

 
Gold Rush Days activities cancelled this year

By Sacramento Convention And Visitors Center | From Page: B4

Master Food Preservers: Tomato time

By Monique Wilber | From Page: B4

 
Build an author platform at the Library

By El Dorado | From Page: B5

 
Sacramento area museums offer summer fun

By Sacramento Association Of Museums | From Page: B5

.

Essentials

Weather stats 7-29-14

By Michael Raffety | From Page: A2

 
Building permits 6/2-6/2014

By Michael Raffety | From Page: A2Comments are off for this post

Crime Log: July 17

By Cole Mayer | From Page: A2

 
.

Obituaries

Merlyn Wilbur Adams

By Contributor | From Page: A2

 
Lisa Oliver Rose

By Contributor | From Page: A2

Wallace Murrel Thomas

By Contributor | From Page: A2

 
.

Real Estate

.

Comics

.

Women’s Health

Love the skin you’re in

By Noel Stack | From Page: WH4

Dump stress and improve your health, productivity

By Wendy Schultz | From Page: WH7Comments are off for this post

Women’s Health Expo

By Marshall Medical | From Page: WH8

Find the confidence you need to fight back

By Special to the Democrat | From Page: WH12

Our choices directly affect our health

By Special to the Democrat | From Page: WH14

They’re NOT your mother’s hearing devices!

By Marshall Medical | From Page: WH17