Image
Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
More Info
Rights
Digital Provenance
Publisher
Transcription
% MEMORANDUM; The problem of obtaining an adequate water supply for the las Yogas area Insofar as the souree of the water Is concerned is a simple one. the present underground souree has been developed to the point where not only have the maximum rates of production been reached, but because of the constantly declining voter levels in the wells it is very probable that the rates of production will now begin to decline. The only other source where an adequate supply can be obtained is Labe Mead. For a privately owned utility to go to Lake Moad for additional wator involves many complications. Xn the first place» there is the question of whether a privately owned utility would have the right to take water from Lake Mead. This possibly could be worked out but eortalnly not as simply as has been done in the ease of the proposed Water Dlstriot. Xn the second place, the private utility in order to finance the project would have te show earnings in order to service the bonds which would have to be sold for that purpose. The earnings history of LYL&WCo. have certainly not been such as to make the purchase of bonds attractive to Investors. Added to this is, of course, the extravagant use and wastage of water in the area, which ean not be prevented due to the State Law prohibiting the installation of water meters. order for a private utility to obtain the funds necessary for the development of a Lake Mead source it would first be necessary to in offset guarantee earnings which would be adequate to meet operating expenses and to amortise the investment. This could only be done by seme sort of finding by the State Utility Commission setting a schedule of rates which would become effective when Lake Mead water was made available and which would supply the necessary income. It is doubtful whether the Utility Commission would or could follow this procedure. The past history of LYL&WOo.’s efforts to obtain adjustments in rates is the best indication of this. In the seeond plaee, It would be necessary to either get the State Law prohibiting the installation of water meters SEP 101953 L. C. C. a a d. SEP 10 1953 /3CC- Mg. Los Angeles - September 8, 1985 I P H v* u>«