Two environmental NGOs have been actively developing water leasing projects in the Price River Basin to benefit instream flows. The NGOs had previously partnered with the Carbon Canal Co. and its shareholders on several projects. They wanted to test the water banking structure as a new means of securing instream flows.
The NGOs wanted to secure additional instream flows from Carbon Canal shareholders through voluntary and compensated fallowing.
The project team assisted with developing the basic concepts of a contract water bank and developing the contract agreement and contract water bank application to establish the water bank.
The contract water bank is approved for operation. The accompanying change application was recently approved for a subset of the Carbon Canal Co. water rights. The parties are planning to run the leasing process in the 2024 growing season.