In response to a public records request earlier this year, the LCRA
gave it a technical memorandum that referred to data showing some reduced flow of river water into the bay but didn't specify how much or why.
With capacity greater than lakes Marble Falls, Austin and Lady Bird on the Colorado River combined, the reservoir will enable LCRA
to store significant amounts of water near the Texas Gulf Coast and add an estimated 90,000 acre-feet to LCRA
's annual water supply even during periods of drought.
is the primary wholesale provider of electricity in Central Texas.
Adams' thesis is modest: the LCRA
"is an excellent example of one of the many reclamation, conservation, and hydroelectric projects that hallmarked the New Deal in the West" (xv).
will fund a debt service reserve fund from proceeds equal to 50% of maximum annual debt service on the bonds.
It's hard for the lower basin," said John Dickerson III, an LCRA
board member from Matagorda County, where rice farming is prevalent and where fishermen rely on freshwater inflows from the Colorado River into Matagorda Bay to maintain healthy oysters and shrimp.
may consider rate increases beyond fiscal 2013.
DOWNGRADE REFLECTS REVENUE PRESSURE: The downgrade reflects near-term revenue pressure resulting from the decision by some customers to terminate their contracts early and cease purchasing power from LCRA
as of Sept.
Farmers pay the LCRA
a discounted rate for "interruptible" water, which means their water deliveries can be reduced or stopped during droughts.
AEP) will replace LCRA
as Seguin's wholesale provider for an interim period.
says the proposed rate hikes - 16 percent for cities and power plants, and as much as 91 percent for some farmers - are needed to address costs.
Fitch is not reviewing its other outstanding ratings for LCRA
(rated 'A+', Stable Outlook) at this time.