California has only 20 million acre feet of reservoir capacity, which is currently filled to 125% of typical levels. The last thing that state needs is another 75 million acre feet of water.
California doesn't need 75 million more acre-feet of surface water, but it could probably benefit from multiples of that being pumped back into the ground.
[0] CA Dept of Water Resources estimates between 850 million and 1.3 billion, http://waterinthewest.stanford.edu/groundwater/recharge/