In an abbreviated meeting on Tuesday before Thanksgiving, the East Bay Municipal Utility District (EBMUD) unanimously passed a proposal to change their short-term financing in order to reduce long-term risk. EBMUD will be moving from “extended” back to “traditional” commercial paper, according to Dari Barzel, EBMUD’s principal management analyst. What does that mean? “Commercial paper…

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Map of the East Bay Municipal Utility District

While the East Bay Municipal Utility District is suffering the worst drought since its founding in 1923, its 1.3 million users face no danger of going dry anytime soon. That was the message from EBMUD board members and operations staff at their Tuesday public meeting. Infrastructure investments, conservation, and transfers–buying water from the Sacramento River–together…

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