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Monterey Peninsula Water Project Bill 02-03-14 13:30 av

New Legislation introduced today is expected to help benefit water customers on the Monterey Peninsula.    Senator Bill Monning, introduced SB 936 in an effort to make water rate relief bonds available to the public for the purpose of financing a portion of the Monterey Peninsula Water Supply Project.  The new bill is expected to generate savings estimated at over 8-million dollars in the first year, and an overall savings of up to 66-million dollars.   The proposed desalination plant by California American Water is expected to cost up to 320-million dollars for construction and storage fees. 

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