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Bonds for Yuba-Bear won OK 50 years ago

It was back when  John F. Kennedy was president  that voters in the Nevada Irrigation District approved bonds for the Yuba-Bear Hydroelectric Project. Ron Nelson is general manager for the Grass Valley-based water agency and says that vote was overwhelming.

click to hear Ron Nelson

Nelson adds the 97 percent approval stems from assurances by Pacific Gas & Electric.

click to hear Ron Nelson

Now, fifty years later, the power revenues from the Yuba-Bear Project are set to transfer from the utility to N.I.D.  They’re expected to total about $18 million a year.  The water agency will have to pay for maintenance of the project, work that PG&e had funded for 50 years.

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