(83 Total References)
Cadiz, Inc. | Bringing Renewable Resources to Everyone.
By Dr. Rod Smith
Written by Rodney T. Smith, Ph.D.
U212 - Resume of Rodney T. ...
U212 - Resume of Rodney T. Smith, Ph.D.
U215 - Stratecon Analysis of the Structure of United Water Conservation District's Water Conservation Extraction Charges--Rodney T. Smith, Ph.D., President, Stratecon, Inc.--June 11, 2013
U216 - Slide Presentation (Reasonable Ratio of M&I To Ag Water Conservation Extraction Charges), by Rodney T. Smith, Ph.D., during Item 7.3, United Water Conservation District Board Meeting, June 12, 2013
U313 - Slide Presentation by Rodney T. Smith, Ph. D., United Water Conservation District Special Board meeting/Budget Workshop, May 29, 2014 (corrected version)
U358 June 19, 2014 Response To City of Ventura's Criticisms of Stratecon's Study of Groundwater Extraction Charges, Rodney T. Smith, Ph.D., President, Stratecon, Inc., and slide presentation
U422 Slide Presentation by Rodney T. Smith, Ph.D., United Water Conservation District Special Board meeting/Budget Workshop, May 28, 2015
U473 Slide Presentation by Rodney T. Smith, Ph.D., United Water Conservation District Special Board meeting/Budget Workshop, May 24, 2016
Study Examines Economic and Operational Consequences of Potential Marysville Water System Takeover | California Water Association
The study was conducted by Rodney Smith, Ph.D., president of Stratecon Inc. and water resources expert in economics, finance and public policy.
After an extensive analysis, Smith
concluded, "If the City
does manage to acquire the Marysville
water system by eminent domain, higher water rates for Marysville residents are a virtual certainty for many years to come.
If the goal of acquiring the system is to charge lower water rates, then the effort should be abandoned because that goal is not a feasible outcome through the condemnation process."
explained that Cal Water's
system is regulated by the California Public Utilities Commission
(CPUC), which sets standards to protect the public health and safety of water customers and approves all investments to ensure facilities are necessary to meet CPUC water service standards.
In the last five years, Cal Water
has spent $5.1 million to maintain and improve the Marysville water system.
Under a municipal takeover, the City
and its water customers would be responsible for these costs as well as the long-term bond obligations to purchase the system that could easily reach $50 million.
And unlike Cal Water, the City
does not have sufficient reserves or shareholder equity to cover inevitable capital expenditures; therefore, residents would have to bear those costs on a "payas- you-go" basis.
summed up the study's findings by stating, "Marysville's municipal finances will be strained by the indebtedness necessary to pay for the system."
Another major challenge for water system operators is balancing the uncertain economics of variable and fixed costs with fluctuating water demands.
To meet the legislated target of a 20 percent reduction in per capita urban water use statewide by 2020, Cal Water
established incentive and educational programs to encourage conservation.
As a result, water demand in Marysville has been declining since 2000, while fixed expenses, such as debt-service obligations and taxes, have remained static.
pointed out, not only will the City's
finances be strained, "The size of City
government will have to expand rapidly in an effort to meet the significant technical and managerial demands of operating the system, none of which the City possesses.
cautioned, "Ownership and operation of the Marysville water system will dwarf all other services the City
In conclusion, Smith
made it clear that, "From a consumer's perspective, the vision of lower water rates is a mirage.
About the Bloggers | Hydrowonk Blog
Rodney T. Smith, Ph.D., Stratecon Inc.
Rodney T. Smith, PhD. is President of Stratecon Inc, an economics and strategic planning consulting firm specializing in the economics, finance, and policy of water resources, President of Baja Norte Water Resources, LLC, a project developer of bi-national water projects, co-managing member of Northern California Water Partners, LLC, a joint venture with Lamont Financial Services Corporation to develop public-private partnerships to finance water infrastructure projects, and managing member of Strategic Water Management LLC, manager of private investment entities for water resources.
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Rodney T. Smith
Executive Blogger: Rodney T. ...
Executive Blogger: Rodney T. Smith
Rodney T. Smith, Ph.D., Stratecon Inc.
Rodney T. Smith is President of Stratecon Inc., an economics and strategic planning consulting firm specializing in the economics, finance, law, and politics of water resources.
He was also manager of a water rights fund in 2005 for DB Zwirn, lead a water rights and infrastructure project for investors through Southwest Texas Water Resources, L.P. and currently serves as President of Baja Norte Water Resources LLC and an affiliated Mexican entity involving the marketing of desalinated Mexican seawater in the United States.
is also currently involved in the early stage, start-up of a water company in Texas.
is involved as an advisor in the acquisition of water rights throughout the western United States and in the sale and leasing of water rights and water supplies to public and private sector water users.
has consulted extensively for public and private sector clients, including high net worth investors, on business and public policy issues concerning water resources, including California's
Drought Water Bank, the government of New South Wales, Australia's effort to privatize irrigation organizations, and the economic, financial, legal, and political dimensions of water transactions in many western states.
worked on the IID/San Diego County Water Authority Agreement, the settlement of Colorado River disputes on behalf of the Imperial Irrigation District, and the acquisition of 42,000 acres from the United States Filter Corporation
, an unit of Veolia Environment.
is routinely involved in economic valuation of water rights, water investments, and negotiation of water acquisition and transportation agreements.
He has also served as an expert witness in the economic valuation of groundwater resources, disputes over the economic interpretation of water contracts, economics of water conservation and water use practices, and the socio-economic impacts of land fallowing.
has written extensively on the law, economics, and finance of water resources and water policy.
In 1987, he created and became co-editor of Stratecon's paid-circulation publication Water Strategist: A Quarterly Analysis of Water Marketing, Finance, Legislation, and Litigation, In January 1999, the publication became a monthly web-based publication (www.waterstrategist.com) and information service, Water Strategist, which extended its coverage to include developments in the emerging private corporate participation in western water matters.
In addition, Stratecon, Inc.
introduced The Water Strategist Community, (www.waterchat.com) a web based news portal providing free access to the direct press releases and important reports from over 300 public agencies, water firms and bond rating agencies.
In 2011, Stratecon
stopped publishing Water Strategist and replaced it with a contract research service based on its proprietary database.
is also known for his
books Troubled Waters: Financing Water in the West and Trading Water: A Legal Framework for Water Marketing, sponsored by the Ford Foundation
through grants to the Council of Governors' Policy Advisors
Dr. Smith received his Ph.D. in Economics from the University of Chicago and a Bachelor of Arts in Economics from the University of California at Los Angeles.
Prior to making a full time commitment to the private sector, he was a professor of economics at Claremont McKenna College for fifteen years, Director of the Lowe Institute of Political Economy, and a member of the editorial board of Economic Inquiry, the professional economics research journal of the Western Economics Association.
In 1989, he was the John M. Olin Visiting Professor of Law and Economics at Columbia Law School.
In the late 1970s and early 1980s, he
was also a visiting assistant professor of economics at the Graduate School of Business
, University of Chicago
, where he
also served as the Associate Director of the Center for the Study of the Economy
and the State, founded by the late Nobel Prize winner in economics, George Stigler.
career after graduate school as an economist at the RAND Corporation
He currently serves on the Board of Visitors of the School of Politics and Economics, Claremont Graduate University.
Rodney T. Smith