Don Pedro life extension budget is about $231M for all four units; staff noted market, supply-chain, and shipping risks and is pursuing DOE funding and PTC/ITC credits. Staff reviewed a bond refunding plan targeting about $11.3M in NPV savings, with board action planned for Sept. 22. The PSA shifted from a budgeted 0.3¢/kWh charge to a 0.5¢/kWh credit on customer bills due to lower fuel costs.
A prolonged heat spell of 11+ consecutive days above 100°F begins tomorrow, and TID will be closely monitoring nighttime lows for peak load impacts. The board approved a new out-of-district replenishment water service for FMC Farms on the Highline Canal, delivering surface water to almonds historically reliant on groundwater. An improvement district was also officially dissolved after members had unknowingly built a new pressurized irrigation system outside its boundaries.
June deliveries tracked close to projections at just under 89,000 AF; July is expected to peak near 100,000 AF. A spike in canal side gate vandalism prompted added patrols and gate hardware fixes, with no further incidents reported since. Rate comparisons showed TID's irrigation and retail electric rates at the bottom across the board (with one exception) and also lowest statewide; a rate increase is scheduled next year.
Out-of-district replenishment water deliveries will continue through the end of the 2026 irrigation season, with staff estimating a minimal impact of roughly 1 inch on-farm to in-district growers. Don Pedro Reservoir peaked at 822.8 feet and early coordination with the Army Corps conserved over 150,000 acre-feet. May saw near-record water orders with 66% placed online, and Series Main spill at Hodges was ~60% lower than last year.
Staff said snowpack is ~3.5% of normal for the date (about two months early). Don Pedro is ~822 ft, with end-of-season projections near 774 ft (~11 ft below last year). April gas averaged $1.28/decatherm; staff cited ~$0.80 all-in and discussed forwards around mid-$3.
