The board unanimously approved 30-year marina concession agreement amendments that increase revenue sharing and establish clearer maintenance standards while transferring houseboat permit fees to the concessionaire. The new agreements include enhanced compliance mechanisms and updated low-water contingency plans for drought conditions. September showed favorable financial performance with retail revenues nearly on budget and continued strong investment income from higher interest rates.
The district unveiled its largest capital budget in recent history at $150+ million for 2026, featuring a $32 million smart meter replacement program and major water infrastructure modernization including canal automation and a new regulating reservoir. Staff reported August electricity demand came in 6.5% below budget due to unusually mild summer temperatures, impacting revenue projections. Key infrastructure projects include ongoing power generation improvements and evaluation of costly...
The board addressed significant budget increases for a major dam life extension project, with costs rising 9.5% annually due to inflation and supply chain issues affecting critical 50-year-old generators nearing end-of-life. August water deliveries came in below projections due to cooler weather and harvest activities reducing demand. The district also appointed new general counsel after a comprehensive selection process, replacing legal representation that had served since the 1930s.
Mild July temperatures significantly reduced electricity demand, resulting in approximately $700,000 in revenue shortfall for the month. Despite lower hydro generation output, the district successfully managed power costs through favorable natural gas pricing and strategic market operations. Water storage remains strong at 82% capacity, ensuring continued reliability for agricultural operations through the irrigation season.
