Initial State Allocation 10%

At ACWA we got some insight on why the initial allocation would be low. The past few months have been dry. Also, the Announcement from DWR on Friday December 1, 2023 explains the focus is on San Luis Reservoir which is at 108% currently as compared to the same time in 2018 at 112% (see below graph). In 2018 the initial allocation was 15% and ended up at 35%, but the spill into new year allocation seems to be less and the North of Delta reservoirs were half as full: when you look at the North of Delta Reservoirs they are nearly double the capacity of 2018 Orville is at 132% of Historic Average as of Dec 1, 2023 vs 49% in 2018 and Folsom is at 124% as of Dec 1, 2023 vs 71% in 2018 (see below graphs). On the Federal/CVP side Shasta as of Dec 1st 2023 is at 125% of Historic Average vs 80% in 2018 (see below graphs). If you look at San Luis in 2018 we hit our first set of major storms in December, and in 2023 we didn't get the major storms until January. The Announcement reflects this with the potential of El Nino. The reality is that the State is taking a conservatives approach and the CVP/Fed will probably as well in their projections until we get storms and/or flows down from North of Delta reservoirs. That said, the State side and CVP/Federal side is likely to spill hundreds of thousands of acre feet of water and not maximizing this for our Districts with recharge and planning is a true lost. Even if we are able to come to a deal to save more of it from cap loss. We need to act purposefully and work together.