Tribes may buy Pelto hydro project

27 November 2001

The dams, which boast total annual power revenues of about US$26.8M,provide about 20% of the generating capacity for users in the Portland metro area.

The tribes will pay about US$25M for about a third of the Pelton and Round Butte dams. In 20 years, the tribes have the option to increase their share of the dams to 49.99%.

There is also an additional option for the tribes to take controlling interest of 50.01% by 2037.

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