San Diego Water Sale to Pave Way for Transformation

Saskal, Rich
September 2004
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p30
Trade Publication
This article reports that the San Diego County Water Authority (SDCWA)--in the midst of what its finance director describes as a transformation--will sell $425 million in revenue bonds Tuesday as it embarks on a $3.1 billion capital program. The SDCWA is in the midst of an evolution that will allow it to better serve fast growing San Diego County, California by taking more charge of its own water supplies, through independent water contracts, reservoir building and desalination. In June, the authority's board signed off on a $1.8 billion expansion of the capital program, bringing the total to $3.1 billion, and approved the financing plan for the program in late August.


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