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