The Agreements provide $450 million for dam removal. Of this, PacifiCorp ratepayers will fund $200 million of dam removal. This is less than ratepayers would otherwise pay to relicense dams due to the costs of building fish ladders and other mitigation costs, estimates for which range as high as $500 million. The next $250 million will be financed by California through a bond act. This money is included in the current water bond being considered by voters in Fall 2010.
If there are any shortfalls in financing dam removal, the Agreements require parties to meet and confer in order to resolve the impasse. More on the economics of dam removal.