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<br />- There was some coverage from the media...I think that's some basis for the water, like <br />right now, like Holly, I think, that really are very close to the all-time printed low. <br /> <br />Roger - That's not what we kept seeing, though. (multiple voices). That's like the question of <br />Jack... what's the historical period? It's been since 1972 that we don't incorporate the '50s <br />drought, the '30s drought, or the drought early in the century. So we have to be careful that we <br />have the whole period of record. And Holly, we have Holly, actually, and Holly doesn't look any <br />different than. . .it's not atypical for what has happened in the past 110 years. <br /> <br />- I suggest that the _? _ team take it very carefully, the _? _ had a good monsoon, <br />so August was wet, and then from September on, where should we start, and I was thinking we <br />should take those 8 months or so. <br /> <br />Roger - Well, but we do the same thing back in the '30s drought, for example. I mean the highest <br />temperature on record in Colorado, depending on whether its 118 or 114 degrees, occurred during <br />these dry periods, because it was a big upper level ridge, and there was no transpiration. Let's see <br />if we have a repeat of that this year. There are clearly evidences that it was more extreme for a <br />longer time period in the past 110 years than it has been so far, than this has been. But that <br />doesn't say that it couldn't get in the same situation. I have no idea where we're going, and I kind <br />of think that the smartest plan is to plan for the worst, plan for a dry winter, plan for a dry spring, <br />what do we do, and under the scenarios, if it rains and it snows next winter, great, because <br />eventually this will happen. It might be happening right here. <br /> <br />- Then it might be happening right now. Salas (?) could probably show the probability <br />of this happening in the system. <br /> <br />Roger - But we don't know. <br /> <br />- But we can show the probability. <br /> <br />Roger - The probability of it happening? 50%. <br /> <br />Brad - We have some late-breaking news. Matt, would you like to... <br /> <br />Matt - I mentioned in my opening connent that the Governor was going to sign HB 1414 and HB <br />1152. It was confirmed to me that he didjust sign those bills. Jack, you want to explain real <br />quickly what that means in terms of 1414, how that will help folks? <br /> <br />Jack - We hit it a little bit when you were out, but a little bit of it is that a lot of the state engineers <br />will legally deal with substitute supply plans allowing folks basically to move water from those <br />that have it to those that don't and are willing to make that exchange, without harming seniors. <br />And so that's kind of it in a nutshell, what it will allow us to do. <br /> <br />Matt - It would be senior water supply holders, those two group of citizens. It's also good.. .so in <br />term ofthe short-term, that's a fantastic bill now, we just heard the need to plan for extended <br />drought, that means we're going to need additional storage capacity, the Governor said that <br /> <br />23 <br />