El Paso expected to save $17 million in water deal

EL PASO, Texas (AP) - El Paso is expected to save more than $17
million in drinking water-related costs over the next decade.
The El Paso County Water Improvement District has agreed to
freeze the price of some water it provides for two years.
The El Paso Times reported Monday that annual increases will be
tied to the consumer price index with a cap of 4 percent. The
previous deal called for 8 percent annual increases.
Public Service Board Vice President Nick Costanzo says the
agreement "takes some of the pressure off for future rate
increases."
The new agreement means El Paso will pay an estimated $65.8
million to the district during the next decade.
El Paso relies on the Rio Grande and aquifers for water.


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