· Context
Texas Tech lease terms show groundwater rights conveyed to Fermi
The Amarillo Tribune reported that the Texas Tech University System lease conveyed the site's groundwater rights to Fermi and provides TTUS 25% of gross revenue from sales of water drawn from the premises, excluding water supplied by the City.[1]
Fermi America (Fermi, Inc.)
What the sources say
- ✓ Verified
The Texas Tech University System lease conveyed the property's groundwater rights to Fermi and pays TTUS 25% of gross revenue from sales of water drawn from the premises, not including water supplied by the City of Amarillo, and 1% of gross power sales revenue.[1]
- Ttus water revenue share
- 25%
- Ttus power revenue share
- 1%
- ✓ Verified
Ken Rainwater, Fermi America chief hydrologist: Fermi's chief hydrologist, Ken Rainwater, told the council the aquifer's saturated thickness at the site is less than 20 feet and that the site "was not an irrigatable place, because there wasn't enough water to flow to wells there."[1]