Deliveries to Carryover Storage. At any time when the Daily Net Storage is above 150,000 acre-feet, SMUD will make deliveries of El Dorado Water to Carryover Storage in reservoirs determined by SMUD in an amount up to the lesser of (i) the quantity which when added to the total quantity of water then in Carryover Storage does not exceed 15,000 acre-feet, or (ii) the quantity which when added to Annual Deliveries during that year does not exceed 30,000 acre-feet through 2025 and thereafter 40,000 acre-feet for the remaining Term of this Agreement. To be eligible for Carryover Storage, El Dorado Water must physically flow into one of the Loon Lake, Union Valley, and Ice House Reservoirs. Deliveries to Carryover Storage in any year will be made by a delivery of El Dorado Water to storage from the source or during the last quarter of any year by a conversion to Carryover Storage of El Dorado Water previously placed in Seasonal Storage during the same year.
Appears in 3 contracts
Sources: Cooperation Agreement, Cooperation Agreement, Cooperation Agreement