The clock is running out on the Colorado River. Lake Powell sits at 23% capacity. Towns are hauling water by truck. The 2025–26 snowpack is the lowest on record.

After decades of missed deadlines, the federal government is now being forced to act. A binding record of decision—determining how the river will be operated going forward—must be in place by October 1, 2026. At the same time, the 2007 interim guidelines, the 2019 drought contingency plans, and water-sharing agreements with Mexico all expire. Two decades of Colorado River governance unwind at once.

In this solo episode, Reese Tisdale walks through the timeline, the exposed stakeholders, and what Bluefield sees as the resulting opportunity—including US$47 billion in municipal reuse investment forecast between 2025 and 2035, the proposed Advancing Water Reuse Act, and a U.S. and Canada digital water market on pace to reach US$29 billion by 2036. Reese makes the case that the conditions forcing hard decisions on the Colorado are also generating the strongest market signals the water sector has seen.

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