Mineral-stained rocks are shown at Echo Bay on June 21, 2021 in the Lake Mead National Recreation Area, Nevada.
Ethan Miller | Getty Images

The U.S. government on Monday declared the first-ever water shortage at Lake Mead, the nation’s largest reservoir by volume, after water levels fell to record lows amid a decades-long drought.

Water cuts will go into effect in January for Arizona, Nevada and Mexico, the Bureau of Reclamation said Monday. Arizona will take the biggest hit, with about 18% of the state’s annual apportionment cut.

The Colorado River supplies water and power for more than 40 million people across the West, while also fueling some 2.5 million acres of croplands. Among the cities it supplies is Phoenix, which was the fastest-growing city in the U.S. in the last decade, according to the Arizona Republic, and is now the fifth-largest city in the country.

Earlier this summer, reservoirs in the Colorado River Basin dropped to their lowest levels on record following 22 consecutive years of drought. In just five years, Lake Mead and Lake Powell have lost 50% of their capacity.

Officials expect Lake Mead’s water level on Jan. 1 to stand at just below 1,066 feet, which is about nine feet below the trigger level of 1,075 feet.

In a press conference following the announcement, officials said additional actions will “likely be necessary in the very near future” as the situation worsens. More than 98% of the Western U.S. is currently in a drought, with 64% under extreme drought conditions.

“We are seeing the effects of climate change in the Colorado River Basin through extended drought, extreme temperatures, expansive wildfires, and in some places flooding and landslides, and now is the time to take action to respond to them,” said Tanya Trujillo, assistant secretary for water and science at the Department of the Interior.

Lake Mead was created by the construction of Hoover Dam and spans more than 750 miles of shoreline.

You May Also Like

Stocks making the biggest moves midday: AMC Entertainment, Delta, Morgan Stanley and more

In this article MS AMC AIG NLOK Here are the stocks making…

American Airlines surges 50% after better-than-expected earnings, squeezing short sellers

An American Airlines Airbus A321-200 plane takes off from Los Angeles International…
Florida mansion is most expensive U.S. home for sale at 5 million

Florida mansion is most expensive U.S. home for sale at $295 million

The main house at Gordon Pointe spans 11,500 sq ft. Dawn McKenna…

Kohl’s stock surges on report bidders are still competing for company amid market volatility

In this article KSS The Kohl’s logo is displayed on the exterior…