Two Rivers Water Company signs supply deal with Monument

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From the Huerfano World Journal:

The intent of Two Rivers’ activities becomes clearer with the passage of time.

Two Rivers has made proposals to the Town of Monument and Cherokee Metro District in El Paso County. According to an article in the Sept. 1 issue of Our Community News, the Monument town newspaper, Two Rivers is proposing that Monument “purchase rights to renewable water assets.” The company is proposing the delivery of water from Two Rivers through a storage contract in Pueblo Reservoir with the Bureau of Reclamation and then a delivery contract with Colorado Springs Utilities for use of space in the Southern Delivery System from Pueblo Reservoir to the Colorado Springs area. A new pipeline would be needed to reach Monument.

Gary Barber, President of Two Rivers, proposed the Town of Monument “purchase shares of Two Rivers’ water supply system portfolio” and noted that “Two Rivers can provide financing through Wedbush Securities, Inc. … .” He said this would provide the town with the independent water ownership needed to participate in Colorado Springs Utilities’ (CSU) Southern Delivery System (SDS)…

If these proposals are accepted, Two Rivers will be able to use any preliminary commitments from Monument, Cherokee, or other towns to justify its requests in Water Court for the change of water rights and plans for augmentation. It gives the company the prospect of an end user of the water rights – so the complaint that its water plan is speculative (the court rejects cases if they are speculative in nature) would no longer be valid. In short, if the proposals are accepted, the land Two Rivers has been farming for alfalfa in Huerfano County could be fallowed (not planted) and Huerfano County’s water could be leased to metropolitan users signing up for the agreement.

From The Pueblo Chieftain (Chris Woodka):

A company seeking to revive farmland in Pueblo and Huerfano counties wants to partner with a northern El Paso County town to provide water through rotational fallowing. Two Rivers Water Co., which owns ditch and reservoir systems southeast of Pueblo, announced a memorandum of understanding Thursday with Monument.

“We are very pleased to embark on a collaborative relationship with Monument to identify viable renewable water supply strategies. We are committed to an integrated rotating farm fallowing model as the method for developing reliable municipal sources of supply,” said Gary Barber, president of Two Rivers Water Co.

More Arkansas River Basin coverage here and here.

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