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A: GEORGESON: For the arrangement that we just put together to store up to 100,000 acre-feet, we pay the Central Arizona Water Conservation District about $70 an acre-foot, which is their pumping cost and some additional costs to get that water. The idea was to move in the direction of providing some assurance to the state of Arizona, that as we pull the reservoir from the Colorado River down during dry years, there would be some risk insurance to the Central Arizona Project if the drought continues. Q: Give us some details about the reservoir you have completed the EIR (Environmental Impact Report) on. A: GEORGESON: It's the Domenigoni Valley Reservoir (referred to as the East Side Reservoir), about 20 miles south of Riverside. We started the environmental studies about six years ago, went through a fairly elaborate process looking at a lot of different sites, and we completed the EIR about a year ago, although the last threat to our EIR was settled only a couple of months ago. So it took six years, but it also took about $60 million to complete the EIR and to buy mitigation lands. We had really good support from the Nature Conservancy and the Fish and Wildlife organization. It is important to keep in mind that it is an off-stream reservoir, it's an expensive site because it's an off-stream reservoir, takes 80 million yards of material to get 800,000 acre-feet. The engineers in the crowd will appreciate that's a lot of dirt you've got to stack up. And most importantly, we avoided a 404 permit and any possibility of EPA veto by finding a site where we were able to prove there were no waters of the United States. (laughter) Q: untranscribable A: GEORGESON: The question had to do with wastewater reclamation. We're very proud of the leadership that is coming out of southern California with wastewater reclamation. At the present time we have over 200,000 acre-feet of water per year -- that's about two and half times the water use by the city of San Francisco and criticism in this regard frequently comes from where there is no wastewater reclamation. Our program subsidizes wastewater reclamation to the tune of $154 an acre-foot -- we hope to double that 200,000 acre-feet up to 400,00 to 500,000 acre-feet over the next ten to fifteen years. We're confident we're going to make it because about 150,000 feet of new reclamation is already under contract. Q: untranscribable A. My own view is that in a room like this there are a lot of knowledgeable people who understand that in the years ahead, and not very far ahead, there will be some dramatic changes in terms of the rules and regulations that will apply not only to new projects but to existing projects. Keep in mind that the city of Los Angeles, between 1972 and 1988, delivered an average of 500,000 acre-feet a year through their aqueduct system. The first one that went into operation in 1913 can deliver 300,000 acre-feet per year. In 1989, '90, and '91, that aqueduct delivered less than 200,000 acre-feet, less than 40 percent of capacity, and in one of those years, it delivered 120,000 acre-feet, less than one-third the capacity it had been built to 44