The Salt River Project says 2014's snowmelt in its eastern Arizona watershed again resulted in one of the driest years in over a century but that there's reason for optimism.

The Phoenix-based water and electricity supplier said five-month snowmelt totaled only 148,000 acre-feet.

According to SRP, that the fourth straight year of below-median winter inflows into SRP's reservoirs and the eighth-driest since SRP began keeping records 116 years ago.

However, SRP said the long-term forecast suggests the possibility of a fall and winter weather pattern that will lead to above-normal precipitation, resulting in more runoff in early 2015.

SRP water-resource operations manager Charlie Ester says that could help refill reservoirs that now stand at 53 percent full.

The reservoir system was last completely full on May 1, 2010.