This information was taken from http://www.picoholdings.com/WaterRightsStorage.html - the Pico Holdings page about their Vidler Water Company holding. As of July 2004 the page appears not to have been updated in some time and is archived here against it's accidental removal.
Vidler Water Company, Inc.
Vidler Water Company, Inc. ("Vidler") is the leading private
company in the water resource development business in the southwestern United
States. PICO identified water resource development in the Southwest as an
attractive business opportunity due to the continued growth in demand for water
resulting from population growth, economic development, environmental
requirements, and the claims of Native Americans. Vidler is not a water utility,
and does not intend to enter into regulated utility activities. We develop new
sources of water for municipal and industrial use, and necessary storage
infrastructure to facilitate the efficient allocation of available water
supplies.
Opportunities for Vidler result from inefficient allocation
of available water between agricultural users and municipal or industrial users,
or the lack of available known water supply for a particular area: Read more about Vidler Water Company