Lines exhibit strong potential for water distribution and storage
February 29, 2012
Los Angeles -- Today Cadiz Inc. [NASDAQ: CDZI] (the “Company”) is pleased to update plans to purchase idle natural gas pipelines for conversion to water transmission, including a 220-mile pipeline owned by El Paso Natural Gas (“EPNG”) that originates south of Bakersfield, California and stretches into Cadiz, California, where the Company’s primary landholdings are located. The conversion of the EPNG pipeline, which could link the State’s water distribution network to Cadiz in several locations, may benefit the Company’s projects and landholdings and would create new opportunities for the movement and storage of water in California.
Los Angeles -- Cadiz Inc. [NASDAQ:CDZI] (the "Company") is pleased to announce today that Hannon Armstrong Securities, LLC ("Hannon Armstrong"), an investment bank specializing in the financing of essential infrastructure assets in the United States, including next generation water, energy and telecommunication projects, will lead the Company through the construction financing process for the Cadiz Valley Water Conservation, Recovery and Storage Project (the "Water Project"). The Water Project would provide a new, reliable water supply to Southern California residents by capturing and conserving groundwater currently being lost to evaporation from the aquifer system beneath the Company's 34,000-acre property in California's Mojave Desert.
Company’s Water Project Lead, Scott Slater, Joins the Board
February 16, 2012
LOS ANGELES, CA – Cadiz Inc. [NASDAQ: CDZI] announced today the appointment of Mr. Scott Slater to its Board of Directors. Mr. Slater, who is currently the Company’s President and General Counsel, has been added to the Board in recognition of his growing leadership role in the Company and his success in advancing the Company’s Cadiz Valley Water Conservation, Recovery and Storage Project (“Water Project”).
February 10, 2012
Today Santa Margarita Water District (SMWD), the Lead Agency for the proposed Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”), announced that it has extended the public comment period for the Project’s Draft Environmental Impact Report (DEIR) an additional 30 days. The comment period will now conclude on March 14, 2012.
By Terry Foreman, PG, C.Hg., and Dennis Williams, Ph.D, PG., C.Hg.
January 31, 2012
The innovative Cadiz Valley Water Conservation, Recovery and Storage Project would enable water to be beneficially used in California by capturing water that is currently being lost to evaporation in the Mojave Desert. The Project is currently undergoing a public review under the California Environmental Quality Act (CEQA). As with any public process, opponents are entitled and encouraged to question CEQA documents and challenge a project's design or assumptions. However, many of the most vocal critics of the Cadiz Project have never visited the project area or reviewed any studies and rely instead on misinformation and assumptions that are simply incorrect, untrue and wrong.
For the past several years the state of California has worked to ensure that water supplies are available to meet demand. This effort has been complex and complicated by drought as well as systematic restrictions on all of the state's primary water supplies.
During my time as the secretary of California's Environmental Protection Agency, I worked hard to implement environmentally sound policies to address many of California's most pressing environmental challenges, including water supply. While conservation has been crucial in helping to curb growth in water demand, most water policy experts agree that reducing demand alone will not be enough to meet the California's future water needs. We need new supplies.