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<br />I <br />I <br />I <br />I <br />I' <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />TABLE OF CONTENTS <br /> <br />Executive Summary..,....................................,............".......,.,......",.....,............................,..... 4 <br /> <br />Glossary of Terms,........................................................... ...................................................... 10 <br /> <br />Overview............................................................................ .................................................... 12 <br /> <br />History of Colorado Conjlll1ctive Use................................,.......,..................................... 12 <br />Purpose and Operation of LA WMA ..........,..................................................................... 13 <br />Pumping vs. Depletion vs. Replacement.... ......................... .................... ......................... 14 <br />Replacement Water PooL.................................................................................................. 15 <br /> <br />The Dry Year ..................................................................................................................... 16 <br /> <br />Characteristics of User Groups............................................................................................. 16 <br />Supplemental Users. ......... ............................ ..... ............. ................. ........... ....................... 17 <br /> <br />Sole-Source Users.... ............ ...... ....................... ..... .................... ....... ................................. 17 <br /> <br />Tributary Users.................................................................................................................. 17 <br /> <br />Other Users......................................................................................................................... 17 <br /> <br />Range of Organizations......................................................................................................... 18 <br /> <br />Criteria for Evaluating the Organizations: Different Impact Measures ......................... 18 <br /> <br />Demand Shortfall........................................................................................................... 19 <br /> <br />Curtailment.................................................................................................................... 19 <br /> <br />Bill Impact..................................................................................................................... 20 <br /> <br />LA WMA Revenue Stability ......................................................................................... 20 <br /> <br />Current Organization...... ....................... ......................... ...... ................ ................................. 22 <br /> <br />Current Organization: Relative (N orm al- Year) Supply Allocation Method (CI)......... 23 <br />Current Organization: Relative (Current- Year) Demand Allocation Method (C2) ...... 26 <br />Surrnnary of Current Organization Allocation Methods................................................. 28 <br /> <br />Shares Organization............................................................................................................... 29 <br /> <br />Initial Allocation of Shares......................... ...... ................................................................ 30 <br /> <br />LAMW A Revenues........................................................................................................... 31 <br /> <br />Secondary Market for Shares and Leased Water............................................................. 31 <br />The Shares Organization from the LA WMA Perspective.............................................. 32 <br />Shares Organization: N ormal- Year Allocation Method (S I) ..................................... 32 <br />Shares Organization: Dry-Year Allocation Method (S2) ........................................... 34 <br />Shares Organization: Normal- YearlIl Allocation Method (S3) ................................. 36 <br />General Comparison of Shares vs. Current Organization................................................... 39 <br />Overall Pros and Cons of Shares Organization (Sl, S2 and S3) .................................... 39 <br />Pros and Cons of the Normal Year Allocation Method (Sl)...................................... 39 <br />Pros and Cons of the Dry Year Allocation Method (S2) ............................................ 39 <br />Pros and Cons of the Normal Year/II Allocation Method (S3).................................. 40 <br />Overall Pros and Cons of the Current Organization Methods (CI and C2) .................. 40 <br />Pros and Cons of the Relative Supply Allocation Method (CI) ................................ 40 <br />Pros and Cons of the Relative Demand Allocation Method (C2) ..............................40 <br />Evaluating the Organizations: Supplemental Perspective................................................... 41 <br />Current Organization: Relative (Normal- Year) Supply Allocation Method (CI) .... 41 <br />Current Orgarlization: Relative (Current- Year) Demand Allocation Method (C2) .. 42 <br />Shares Organization: N ormal- Year Allocation Method (S I) ..................................... 43 <br />Shares Orgarlization: Dry-Year Allocation Method (S2) ........................................... 44 <br /> <br />EnWater Resource Consultants September 5, 1997 Final Report <br /> <br />2 <br />