other material
confidence high
sentiment positive
materiality 0.65
Cadiz signs MOU amendment reserving water supply for San Bernardino County communities
CADIZ INC
- Amendment requires Cadiz to offer binding water agreements to local public water systems before exporting outside San Bernardino County.
- Dedicates 25,000 acre-feet of water supply to disadvantaged communities in Mojave River region or other county communities.
- Five public water systems in San Bernardino County have expressed intent to receive water from the Cadiz Project.
- Existing binding water supply agreements remain unaffected by the MOU amendment.