Press Release: Company Further Updates Legislative Status and Process for California Assembly Bill 1000
California Assembly Bill (AB) 1000 is a “gut and amend” bill introduced outside of the normal legislative process that would create a secondary, undefined environmental review for water conveyance projects in the Mojave Desert, including the Cadiz Water Project. Ironically, in the name of environmental protection, AB 1000’s proponents are urging the Legislature to undermine […]
Cadiz Inc. Updates Development in Federal Railroad Right-of-way Policy Pertinent to Cadiz Water Project Pipeline
US Department of the Interior Publishes New Opinion on the Scope of Railroad Rights-of-Way issued under 1875 Act September 5, 2017 (9-5-17) On September 1, 2017, the Acting Solicitor and Principal Deputy Solicitor for the United States Department of Interior (“Interior”) issued Memorandum Opinion M-37048 related to the scope of railroad rights-of-way granted pursuant to […]
Cadiz Inc. Issues Statement on Status of California’s Assembly Bill 1000
(LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) announced that the California State Senate set aside AB 1000 following a hearing of its Appropriations subcommittee. The Company issued the following statement: “Designed to block the Cadiz Water Project, AB 1000 (Friedman, D- Glendale) would have set a dangerous precedent undercutting the California Environmental […]
Cadiz Inc. Statement on California Assembly Bill (AB) 1000
We are disappointed that the California Legislature’s Senate Committee on Natural Resources voted yesterday on a party line 7-2 vote to pass out of committee Assembly Bill (AB) 1000, a bill just introduced by Assembly member Laura Friedman (D-Glendale) over the Independence Day holiday. Assembly member Friedman utilized the “gut and amend” process to quietly […]
Commentary: Cadiz Water Project Will Safeguard Environment, SCVNews.com
Cadiz Water Project Will Safeguard Environment | Commentary by Courtney Degener SCVNEWS.COM | MONDAY, JUN 19, 2017 Last week, SCV News featured an opinion piece by Linda Castro of Santa Clarita about the Cadiz Valley Water Conservation, Recovery and Storage Project (“Protect the Groundwater Beneath Our National Treasures,” June 15). I share with Ms. Castro […]
Threatened Desert Tortoise receives a helping hand from Cadiz Water Project
By California Water News Daily on June 15, 2017 The once common desert tortoise has had a rough road in the past 20 years and one California desert landowner has – and is – going above and beyond to ensure the well-being and conservation of the iconic desert tortoise. Though the desert tortoise has been around for […]
Sacramento Bee Op-Ed: Sen. Feinstein should study the facts before rejecting Cadiz’s desert water project
http://www.sacbee.com/opinion/op-ed/soapbox/article154700299.html Sen. Feinstein should study the facts before rejecting Cadiz’s desert water project BY WINSTON H. HICKOX Special to The Bee, Soapbox While I was California Environmental Protection Agency secretary, Sen. Dianne Feinstein and I often worked collaboratively on important statewide water issues. That is why I found her op-ed regarding the Cadiz water project […]
Cadiz Announces $255 Million in Construction Financing for Desert Water Project
LA Business Journal, 5-2-17 By Howard Fine With the Trump administration soon likely to approve its long-sought desert water storage and transmission project, Cadiz Inc. announced Tuesday it has arranged up to $255 million in construction financing from giant private equity firm Apollo Global Management. Cadiz signed agreements with several funds managed by Apollo affiliates that […]
Cadiz Inc. Announces Strategic Transaction with Apollo to Finance Cadiz Water Project Construction
Funds affiliated with Apollo will provide $60M of capital to repay Cadiz Senior Secured Mortgage Debt of $45M and to provide $15M in construction capital, and will also provide a conditional commitment for up to an additional $240M in construction financing May 2, 2017 (LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is […]
OP-ED Cadiz plan a vetted project that will bring jobs, water security
By Paul Granillo, Special to The Desert Sun (Op/Ed) April 26, 2017 Earlier this month, the Interior Department reversed course on a controversial policy that blocked the development of much needed infrastructure, water and jobs in Southern California, including the Cadiz Valley Water Conservation, Recovery & Storage Project. The Cadiz Water Project is a public-private […]