Nick Serrano

The committee held a special meeting to discuss the historical context of the Bay-Delta Conservation Plan (BDCP) and the evaluation of four specific project alternatives. Key topics included an overview of the Delta ecosystem, the history of past Delta water management programs such as CalFed, and current challenges regarding water supply reliability, ecosystem protection, and levee integrity. Staff presented a framework for assessing BDCP alternatives based on the Water Authority's established policy principles and outlined a schedule for ongoing briefings leading up to the final comment letter on the BDCP environmental impact report. Additionally, concerns regarding project financing, cost-benefit analyses, and the adequacy of draft documentation were formally addressed through correspondence with the California Natural Resources Agency.

The committee held a special meeting to discuss the Bay-Delta Conservation Plan (BDCP) and the associated infrastructure requirements, as well as the Supply and Demand Risk Assessment. The discussion centered on evaluating different Delta fix approaches, including the proposed action, and alternatives like the Natural Resource Defense Council (NRDC) Portfolio and Delta Vision Foundation (DVF) proposals. Key topics included comparative reliability analyses, permitting and schedule risks for various conveyance capacities, and the role of potential new local water supply projects and south of Delta storage in managing regional water reliability.

The committee meeting agenda included presentations on the Bay Delta from various water districts and agencies, updates on Metropolitan Water District issues and activities, and reports on Colorado River programs. Additionally, the committee scheduled closed sessions to discuss existing and potential litigation, including specific cases regarding the San Diego County Water Authority and the QSA Judicial Council Coordination Proceeding.

The San Diego County Water Authority's Annual Statement of Investment Policy outlines guidelines and procedures for investment activities, aiming to enhance the organization's economic status while protecting its funds for the calendar year 2026. The policy prioritizes safety, liquidity, and return on investments, ensuring compliance with federal, state, and local laws. Key areas detailed include authorized investment instruments, specific portfolio limitations, risk management strategies (such as diversification), internal controls, reporting requirements, and performance benchmarking, all managed under a prudent investor standard.

This workplan outlines the Water Authority's strategy for actively engaging in Bay-Delta matters to ensure a cost-effective solution that stabilizes the environment, improves water quality, and enhances water supply reliability, while aligning financial obligations with benefits received. Key focus areas include comprehensive oversight of Bay-Delta activities, developing official positions, managing program financing, advocating for necessary improvements to water supply reliability, and conducting extensive outreach to member agencies and the public.