To help stave off another round of mandatory cutbacks, water leaders for Arizona, Nevada and California are preparing to sign an agreement that would voluntarily reduce Colorado River water to the lower basin states by 500,000 acre-feet — enough to supply about 750,000 households for a year — for both 2022 and 2023.

The agreement, known as the “500+ Plan”, would require millions of dollars from each state over two years — $60 million from Arizona, $20 million from Nevada and $20 million from California with federal matching dollars — to fund payments for water use reduction and efficiency projects that result in supply savings throughout the lower basin.

Lake Mead, the largest reservoir in the United States, hit record lows this year, spurring reduced 2022 deliveries for junior water rights holders in Arizona, Nevada and Mexico.

Source:US news