As of December 7, 2020, water has been included as a traded commodity on the Chicago Mercantile Exchange (“the Merc”). According to a recent Chicago magazine article, “Now cities and farmers can buy futures in California’s water, meaning they can hedge against (or bet on) rising water prices out west, based on the Nasdaq Veles California Water Index [ticker symbol: NQH2O], which tracks the current market price of the five largest water supplies in the state…So far, only the Golden State’s water supply is being traded; it’s sort of a test run.”
Some see this move at the ...
We recently authored the article, “Power Shutoffs: What California Water Providers Should Know” (subscription required) for the Daily Journal, California’s leading daily legal news source.
The article examines how water systems—which rely heavily on electricity to pump, treat and deliver safe drinking water to customers—have been impacted as catastrophic wildfires in California have led to an increased use of public safety power shutoff (PSPS) as a means for electric utilities to mitigate the risk ...
Community Water Systems (CWSs) around the country should be aware of upcoming deadlines at the end of 2020 that were put into place under the America’s Water Infrastructure Act (AWIA) previously signed into law in 2018. The law requires CWSs that serve more than 3,300 people to complete a risk and resilience assessment and develop an emergency response plan and establishes deadlines by which water systems must certify to the United States Environmental Protection Agency (EPA) completion of the risk assessment and emergency response plan.
For those CWSs serving ≥100,000 ...
Congratulations to Nossaman Water Law Associate Tara Paul who recently completed the Water Education Foundation's (WEF) 2019 Water Leaders program! Tara joins an impressive list of Water Leaders alumni from Nossaman including Alfred Smith, Gina Nicholls, and Nate Solov. We are also pleased to announce that Water Law Associate Willis Hon has been accepted to the 2020 Water Leaders class!
The William R. Gianelli Water Leaders Class is California's premiere water leadership program aimed at early to mid-career, up-and-coming community leaders from diverse backgrounds ...
Nossaman Partner Lori Anne Dolqueist and Associate Willis Hon recently presented Nossaman’s Q1 Water Webinar to kick off our 2020 series. The complimentary 60-minute webinar covered the latest developments in California regarding electrical service and wildfire risk as they are relevant for water providers. Lori and Willis discussed recent Public Safety Power Shutoff (PSPS) events impacting water providers throughout the State, as well as coordination with electrical service providers, permitting requirements for backup generation, and public communications to ...
California Water Views provides timely and insightful updates on the water sector in the state. We relay information on how water legislation and policy from the nation’s capital, Sacramento, and around the U.S. affect California’s water utilities, agencies, practitioners, and consumers. We also write about important events, conferences, legal cases, and other key happenings involving all things water in and around California.
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