Scratching the Surface (Water)

Elliot Wilkinson-Ray

93% (roughly 445 million gallons per day) = private profit

Current Revenue: • Public Supply: $ 35,000,000• Wastewater Permits: $ 1,692,350 • Hydroelectric: $ 164,775,527 • Thermoelectric: $ 100,000,000

• Recreation: $ 109,096,309 • Total: $ 410,564,186

• There are other industrial uses

Rent from Hydro

• 5% of hydro revenue ($164,775,527) = $ 8,238,776.4• End local electricity subsidy: = $ 7,500,000

Thermoelectric Withdrawals

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Rent collection:

• $0.05/1,000 gallons, (2% of the current wholesale water rate) = $ 7,600,000

• “52% of fresh surface water withdrawals in the US are for thermoelectric-power use. Establishing the right to tax this use in

Vermont would have serious implications for the rest of the country.”

• Increasing Price Structure:

• Base price ATC $3.20 eco valuation $.40 rent payment $0.00 /1,000 gals.=$3.60

• 2,000-40,000 gallons: ATC $3.20 ecovaluation $.40 rent payment $.80 /1,000 gals. =$4.40

• 40,000-100,000 gallons: ATC $3.20, ecovaluation $.40 rent payment $1.50 /1,000 gals. =$5.10

• 100,000+ gallons ATC $3.20, ecovaluation $.40 rent payment $ 2.50 /1,000 gals. =$6.10

Rent collection:

Public Supply:10% of public revenue: $ 3,500,000 *estimation*

Other use withdrawal fee:

$.05/1,000 gallon (24 million gallons/day) = $438,000

Total Rent Value

• $ 8,238,776.4 - Hydro rent• $ 7,500,000 - End local electric subsidy• $ 7,600,000 - Thermo-electric use• $ 3,500,000 - Public Supply• $ 438,000 - Other use withdrawal fee• Total: $ 27,276,776