OCWD Approves Term Sheet for Huntington Beach Desalination Project
Originally published in Journal of Water, Summer 2018
The Orange County Water District (“OCWD”) Board of Directors has approved a term sheet with Poseidon Resources (“Poseidon”) for the proposed Huntington Beach Desalination Project. The term sheet amends a previous term that was agreed to in 2015 and has an approach of paying Poseidon’s actual cost.
The four major changes in the 2018 term sheet are designe…