Pueblo Board of Water Works leases net $1.07 million in revenue

Pueblo photo via Sangres.com
Pueblo photo via Sangres.com

From The Pueblo Chieftain (Chris Woodka):

Improved weather conditions have freed up more water for the Pueblo Board of Water Works to lease, filling in a potential hole in revenues. Water leases on the spot market this year will bring in about $1.07 million, with 8,567 acre-feet (2.8 billion gallons) leased through the bidding process.

An additional 2,535 acre-feet in leases to two well augmentation groups and to Mauro Farms were approved Tuesday, bringing in $228,750, after the initial round of leases in March. The additional water is being provided because imports from the Western Slope are higher than expected, while demand in Pueblo has tapered off during a cool, wet summer, said Alan Ward, water resources manager.

Pueblo’s transmountain water sources have yielded more than 19,000 acre-feet in the first six months of this year, about 128 percent of average. More than 44,000 acre-feet of water are in storage, 114 percent more than last year at the same time.

At the same time, Pueblo pumped just above 5 billion gallons through its treated water system as of July 31, a decrease of 7.83 percent from the five-year average. The board has 39,890 accounts, which represents an increase of 324 over 2005.

Roughly two-thirds of the board’s revenue comes from metered water sales within the city, which are projected to bring in $23.3 million. However, if decreased use continues, that figure could be about $1 million less by the end of the year.

More Pueblo Board of Water Works coverage here.

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