Tracker Updates for Carlsbad, CA

02 Feb 2012

Thu, 02 Feb 2012 00:00:00

San Diego County Water Authority (SDCWA) now expects to have a draft water purchase agreement (WPA) released to its member agencies for review this spring. SDCWA’s member agencies will have 60 days to review the WPA and declare how much…

18 Nov 2011

Fri, 18 Nov 2011 00:00:00

Poseidon Resources has applied for permission from the California Pollution Control Financing Authority (CPCFA) to borrow up to $780 million in bonds in order to fund the plant. Poseidon successfully made a similar application for $530 million in private activity…

10 Nov 2011

Thu, 10 Nov 2011 00:00:00

Poseidon Resources has applied for permission from the California Pollution Control Financing Authority (CPCFA) to borrow $780 million to fund the plant. The loan would be made through a tax exempt qualified private activity bond issued by the California Infrastructure…

03 Nov 2011

Thu, 03 Nov 2011 00:00:00

In late October, Poseidon Resources applied for an initial resolution from the California Pollution Control Financing Authority (CPCFA) to issue $780 million in tax-exempt bonds to fund the project. In 2010, Poseidon was awarded an allocation from the California Debt…

03 Oct 2011

Mon, 03 Oct 2011 00:00:00

The City of Carlsbad has confirmed an agreement with SDCWA over property tax revenues from the plant, paving the way for negotiations over a water purchase agreement to start between SDCWA and Poseidon. An appeal against an earlier superior court…

20 Sep 2011

Tue, 20 Sep 2011 00:00:00

25 Aug 2011

Thu, 25 Aug 2011 00:00:00

SDCWA is set to move a step closer to opening negotiations with Posiedon over a water purchase agreement. An SDCWA board meeting scheduled for 25 August will consider approving an agreement over property tax revenues from the plant, which will…

18 Jul 2011

Mon, 18 Jul 2011 00:00:00

The last of over 13 legal challenges to the project has been resolved. A Superior Court judge ruled in late June that the proposed facility does comply with the California Water Code, which had been challenged by the Surfrider Foundation.…

30 Jun 2011

Thu, 30 Jun 2011 00:00:00

04 Apr 2011

Mon, 04 Apr 2011 00:00:00

San Diego County Water Authority is reportedly nearing an agreement with the city of Carlsbad to pay the city $2 million annually to replace lost revenues when SDCWA owns and operates the plant. Also, contractor Peter Kiewit Construction is developing…