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2016-04-12T00:00:00.000Z

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Wrong Rodney Smith?

Dr. Rodney Smith T.

President

Stratecon Inc

Direct Phone: +61 *********       

Email: r***@***.com

Stratecon Inc

2104 Midway Court

League City, Texas 77573

United States

Find other employees at this company (3)

Background Information

Employment History

Vice President of Business Development
EFD Corp

Professor of Economics
Claremont McKenna College

Affiliations

Managing Member
AquaFair LCC

Co-Managing Member
Northern California Water Partners LLC

Academic Advisor
Vote Compass

Member of the Editorial Board
Economic Inquiry

Education

Bachelor of Arts
Economics
University of California at Los Angeles

Ph.D.
Economics
University of Chicago

Web References (75 Total References)


Panel of Experts - Political Donations | NSW Department of Premier and Cabinet

www.dpc.nsw.gov.au [cached]

Dr Anika Gauja & Professor Rodney Smith, University of Sydney


Study Examines Economic and Operational Consequences of Potential Marysville Water System Takeover | California Water Association

www.calwaterassn.com [cached]

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."
Smith 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. Smith 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.
As Smith 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.
...
Smith cautioned, "Ownership and operation of the Marysville water system will dwarf all other services the City currently provides."
In conclusion, Smith made it clear that, "From a consumer's perspective, the vision of lower water rates is a mirage.


Hydrowonk | Powered by Stratecon Inc.

www.hydrowonk.com [cached]

Rodney Smith Caricature

Hydrowonk


City Slickers Come to CA's Central Coast | Hydrowonk Blog

hydrowonk.com [cached]

by Rodney T. Smith.

...
About Rodney T. Smith
Rodney T. Smith, Ph.D., President of Stratecon Inc.-an economics and strategic planning consulting firm-advises public and private sector water users on the acquisition, sale and leasing of water rights and water supplies in the western U.S. He is routinely involved in economic valuation of water rights, water investments, and negotiation of water acquisition and transportation agreements and has 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. For more information, see www.stratwater.com.
View all posts by Rodney T. Smith
...
An interesting and timely piece, Rod.


by Rodney T. ...

hydrowonk.com [cached]

by Rodney T. Smith.

...
About Rodney T. Smith
Rodney T. Smith, Ph.D., President of Stratecon Inc.-an economics and strategic planning consulting firm-advises public and private sector water users on the acquisition, sale and leasing of water rights and water supplies in the western U.S. He is routinely involved in economic valuation of water rights, water investments, and negotiation of water acquisition and transportation agreements and has 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. For more information, see www.stratwater.com.
View all posts by Rodney T. Smith

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