The Drought's Impact on Texas Water and Sewer Ratings May 00

Standard & Poors, May 2000

Abstract
Despite receiving substantial rainfall in portions of the state this year, drought conditions in Texas remain among the worst the state has experienced. According to the Texas Water Development Board, mild-to-severe drought conditions currently exist in eight of the 10 climatic regions within the state. The climate prediction center is predicting above-normal temperatures and normal-to-below normal precipitation from May through July. At the end of April, statewide storage in reservoirs for that time of the year was the lowest in 23 years and had declined 9.2% since April 1999. This marked the sixth consecutive month of record-low storage levels, and was the twenty-third lowest month since records have been maintained. March 2000 was the eleventh-worst month on record. Storage at...

Companies mentioned in this report are: Texas,San Antonio,Dallas,El Paso,Fort Worth,Houston,Lewisville

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Research Type: Commentary
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Texas,San Antonio,Dallas,El Paso,Fort Worth,Houston,Lewisville

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