Fitch raises Rancho California Water District’s credit rating to ‘AAA’

TEMECULA – Fitch Ratings of San Francisco announced that it has assigned Rancho California Water District’s credit rating to “AAA” on all district bonds. Last year, Standard and Poor’s rating agency also upgraded the district to “AAA” rating. The upgraded ratings will benefit ratepayers as the district will incur lower financing costs. Fitch, one of […]

Two incumbents, pair of high-profile challengers win seats in crowded RCWD board election

Two longtime Temecula-area water district directors easily won re-election, but two others were ousted by a pair of high-profile challengers in the recent election for Rancho California Water District board members. One of the successful challengers, Angel Garcia, tasted victory, after repeatedly falling short in his bids to win seats on the Temecula school board […]

County approves Prop. 84 subgrant to RCWD

Riverside County has approved a Proposition 84 Integrated Regional Water Management implementation subgrant agreement with the Rancho California Water District. The Riverside County board of supervisors also acts as the board of the Riverside County Regional Park and Open Space District. The county supervisors voted 3-0 with Marion Ashley absent and one vacancy to approve […]

California drought not over, farmer and water district partnerships urged during first Ag Water Summit

California drought not over, farmer and water district partnerships urged during first Ag Water Summit

“One rainy month will not make up for a six-year drought,” pointed out Larry Dick, Metropolitan Water District chairman of the Agriculture and Industry Relations Committee, at the first ever Agricultural Water Summit Feb. 3, sponsored by the Rancho California Water District. Dick was the summit’s guest speaker at the South Coast Winery in Temecula […]

Low storage levels, drought cause Rancho California Water District to suspend boat launches at Vail Lake Jan. 1

Low storage levels, drought cause Rancho California Water District to suspend boat launches at Vail Lake Jan. 1

TEMECULA – The continued serious need to conserve and use water wisely due to the statewide drought was highlighted as the Rancho California Water District announced plans to indefinitely suspend boat launches at Vail Lake beginning Jan. 1, 2017, because of low lake levels. Storage levels at Vail Lake have receded as water was drawn to meet […]

RCWD launches new crop conversion program

TEMECULA – As local farmers begin to make plans for the upcoming growing season, the Rancho California Water District is lending a helping hand.  The District’s newly created CropSWAP program provides financial assistance for agriculture customers who convert high water use crops to lower water varieties. This will not only save water but will provide sustainable options for […]

Rancho California Water District restructures debt to save money

TEMECULA – In an ongoing effort to provide safe, reliable water supply at an affordable price to its customers, Rancho California Water District refinanced its fixed interest rate bonds issued in 2002 and 2008.  By taking advantage of the favorable bond market and issuing replacement debt at lower interest rates, the District expects to save […]

S&P Raises Rancho California Water District’s Credit Rating to ‘AAA’

TEMECULA – S&P Global Ratings announced last week that it has upgraded Rancho California Water District’s credit rating to ‘AAA.’  The upgraded rating will benefit ratepayers as the District will incur lower financing costs.  This marks the first time the District has achieved a ‘AAA’ rating, the highest offered by S&P. The ratings agency – one […]

Drought outreach from Rancho California Water District recognized with a public communications award

The Rancho California Water District (RCWD) Board of Directors accepted the Public Communications Award from the American Water Works Association for their drought outreach program. This award is given to annually to only one water district in the nation with more than 25,000 customer accounts. “This award is a testament to Rancho California Water District’s […]

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