SRP's water director John Sullivan was one of the speakers at the WUAA water luncheon and said that the reservoirs on the Salt and Verde are full.  Here's more information from the SRP website.

"The probability of a drier-than-normal monsoon season and the forecast of a potentially dry La Nina winter in 2011 aren't enough to diminish the excitement of SRP water managers, who enter the summer months pleased that the reservoirs on the Salt and Verde rivers are nearly full and operating exactly as they're designed.

Charlie Ester, manager of Water Resource Operations, said SRP's six reservoirs on the Salt and Verde enter summer in great shape following one of the most beneficial runoff seasons on record. SRP's reservoirs are currently at 96 percent of capacity with about 2,222,000 acre feet of water -- thanks to a final January-through-May runoff total of 1,430,841 acre-feet, one of the 20th best in SRP's 107-year history and 209 percent above the median runoff of 683,635 acre-feet for the two river systems."

Here's a link to the full story.