There is hereby established the Missouri River cost recovery authority to evaluate, analyze, and recommend options, including, but not limited to, state–financed upgrading of Pick–Sloan hydroelectric power generation facilities, integration into the Pick–Sloan program of Missouri River riverside irrigation projects and state–financed development of hydroelectric pumped storage facilities, such as the Gregory County hydroelectric pumped storage facility, under the Missouri River cost recovery program for providing revenues to the state. However, any option recommended by the authority may not result in increased rates for consumers of existing federal hydropower, may not affect the eligibility under federal law for existing hydropower, and may not impair long–term wholesale power supply contracts.

Source: SL 1988, ch 369, § 7.