The Hoover Power Allocation Act of 2011 creates a new opportunity for more Nevada entities to obtain low-cost, renewable power from Hoover Dam. Currently, Southern Nevada benefits significantly from power resources generated at Hoover Dam. Only twice in the past 75 years have new allocations of Hoover power been authorized by Congress. New contracts for Hoover power will be for a 50-year term beginning in 2017.
"The Hoover Power Allocation Act of 2011 granted existing Hoover power contractors the opportunity for new 50-year contracts for 95 percent of existing power allocations," stated George F. Ogilvie III, Chairman of the Colorado River Commission of Nevada (CRC), "This opportunity for additional entities to obtain Hoover Dam power is a unique benefit to Southern Nevada, and the CRC encourages all eligible entities to submit applications."