Second Construction Season Begins on the San
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1 Enter Symbols or Keywords SEARCH April 23, 2014 New York After London Closed Tokyo Closed 6:48 PM EDT Latest News View All 6:32p Apple, Microsoft, Amazon, Starbucks are stocks to watch 6:28p Newscast: S&P 500 snaps long win streak 6:13p Will Apple s cash return get Icahn to shut up? DOW 16, % NASDAQ 4, % The RetireMentors S&P Home News Viewer Markets Investing 1, Trading -0.22% Deck Personal Finance Retirement Economy Industries PAUL MERRIMAN The biggest nest-egg question Are you a "for sure," a "maybe" or a "no way" when it comes to having saved enough? More from the RetireMentors» April 22, 2014, 12:01 p.m. EDT Second Construction Season Begins on the San Clemente Dam Removal Project Log In Portfolio Watchlist Alerts Games PACIFIC GROVE, Calif., Apr 22, 2014 (BUSINESS WIRE) -- California American Water, with partners NOAA Fisheries and the California State Coastal Conservancy, announced today that the second season of construction for the San Clemente Dam Removal Project will begin this May. The project s three year construction schedule began last summer and is on-track for completion next year. San Clemente Dam is a 106-foot-high concrete arch dam located 18 miles upstream from the Pacific Ocean on the Carmel River in Monterey County. It is the largest dam removal project in California history. It s great to see the work on schedule and proceeding as planned, said U.S. Representative Sam Farr. As we celebrate Earth Day, the progress being made here is especially meaningful because, at its heart, removing this dam is not just about fixing safety issues; it s about restoring the Carmel River and its habitat. In 1991, the California Department of Water Resources, Division of Safety of Dams, agreed with a California American Water consultant s assertion that the San Clemente Dam in Monterey County was inadequate for seismic stability and flood safety. After years of study, the California Department of Water Resources and Army Corps of Engineers evaluated five options to address the safety issues. The option to remove the dam with a plan to reroute the river around the silt that had accumulated behind the dam was favored by environmental groups and public agencies concerned with protection and enhancement of the Carmel River ecosystem. The project design involves an innovative engineering approach to reroute a half-mile portion of the Carmel River into San Clemente Creek and use the abandoned reach as a sediment storage area. When this project is complete, you won t even be able to tell a dam was ever there, said California Coastal Conservancy Executive Officer, Sam Schuchat. By removing the dam, we will be providing access to over 25 miles of spawning and rearing habitat for the threatened steelhead trout and we ll also open over 900 acres of watershed lands to the public. About 175 people will be directly employed by the project this summer, said California American Water President Rob MacLean. That doesn t include outside vendors and suppliers. All that activity translates into about $150 million of economic output for the area. We re proud to be partners in this project, which benefits the environment, public safety and the local economy. Construction activities completed last year included development of a new access road, preparation of the 68-acre construction site, partial construction of the Carmel River diversion system, completion of geotechnical investigations and relocation of fish and other wildlife. Work to be completed this year includes the permanent rerouting of the Carmel River to an alternate course that bypasses the 2.5 million cubic yards of sediment that has accumulated behind the dam. Partial removal of the dam will also begin this year, with full removal occurring next summer along with work to restore the natural character and habitat of the project site. For more information on the Carmel River Reroute and San Clemente Dam Removal Project, visit 1 of 5 4/23/14, 3:51 PM
2 Featured Stories Apple boosts buyback, to split stock 7-for-1 'Man up' and meet me on the basketball court, Florida Republican Clawson... Republican Curt Clawson, a House of Representatives hopeful, wants President Obama to 'man up' and meet him... Why Boeing likes 2014: Taxes, airlines and Vladimir Putin Boeing raises its full-year earnings outlook. Three key reasons: taxes, airlines and Vladimir Putin. Spotlight on the economy: Is the recovery in business investment 'durable'? The topsy-turvy report on durable-goods orders is often hard to figure and that might be the case in March... Google offers 'Back to the Future' views of streets and landmarks Google rolled out a new feature that would let users of Street View see how a street or a landmark looked... California American Water, a subsidiary of American Water AWK -0.33%, provides high-quality and reliable water and/or wastewater services to approximately 600,000 people. Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,700 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14 million people in more than 30 states, and parts of Canada. More information can be found by visiting SOURCE: California American Water California American Water Catherine Stedman Office: Mobile: catherine.stedman@amwater.com Copyright Business Wire 2014 ADD TO WATCHLIST AWK American Water Works Co. US : U.S.: NYSE $ % Volume: 32,516 April 23, :28p P/E Ratio Dividend Yield 2.44% Market Cap $8.22 billion Rev. per Employee $439,675 2 of 5 4/23/14, 3:51 PM
3 Sponsored Links 1. Top Income Funds 2. Dividend Income Funds 3. Best Culinary Schools 4. Best Stocks To Buy Luxury Sedans 6. Top Dividend Funds Best Mutual Funds 8. Luxury SUVs Crossover SUVs 10. Big-Data Analytics Suggested Stories Facebook is a steady sales driver for retailers 5 dividend stocks with yields of up to 10% Russia cancels bond auction as Ukraine tensions rise Will China drop gold next? The most overvalued market in the world? France Apple boosts buyback, to split stock 7-for-1 Content from our Sponsors What's this? 7 Best Credit Cards For Those With Excellent Credit (NextAdvisor Daily) Homeowners Are In For A Big Surprise (Lifestyle Journal) Small Business Owners: 5 Ways NOT to Get that Loan (Fundera) How Alternative Lenders Are Out-Innovating Your Bank (Fundera) Big Changes For Investors and Hedge Funds (Managed Funds Association) 10 Reasons You ll Never Be a Millionaire (Kiplinger) Video» Cellphone Video From South Korea Ferry Disaster 2014's Best and Worst Jobs Are... What Can You See On an Ultra HD 4K TV? WSJ's House of the Day Winner Is... Most Popular THINGS 10 things all-inclusive vacations won t tell you 3 of 5 4/23/14, 3:51 PM
4 3. Apple earnings: These insiders have the most at stake 4. Puerto Rico woos rich with hefty tax breaks 5. 7 secrets for getting the most comfortable airline seat MOVERS & SHAKERS Apple, Facebook stuck in red ahead of earnings Partner Center» Find a Broker Trade free for 60 days with TD Ameritrade $4.75 Flat Rate Stock Rates Pay less, keep more with Vanguard Earn 300 commission-free online trades Content From Sponsors [?] 10 Gambling Countries Losing The Most The Richest Bernard Tyson, Kaiser Permanente CEO, Making Health Care Affordable Modern Healthcare (Solar) Power to the People: This Oakland Company Is On The Verge of a Solar Revolution Care2 MarketWatch.com Enter Symbols or Keywords SEARCH Site Index Company Info WSJ.com Financial News Online Topics Code of Conduct Barron's Online WSJ.com Small Business Help Corrections BigCharts 4 of 5 4/23/14, 3:51 PM
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