Pumped-storage project exceeded cost estimates!
The SMUD Board of Directors has elected not to build the Iowa Hill pumped-storage project addition to its hydroelectric system due to cost and financial risks. The decision comes at a predetermined cost-based off ramp. The project was to be sited along the Upper American River Project (UARP) at Slab Creek Reservoir in El Dorado County, which is east of Sacramento County where SMUD serves more than 1.4 million people.
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