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target flows by more than 60,000 ac-ft. The selection of projects considered: 1) yield at the <br />Critical Habitat; 2) up-front capital costs; 3) long-term operating costs; 4) legal and institutional <br />issues (e.g. the need for new authorizing legislation, state water rights administration and water <br />export constraints, maximum lease terms, NEPA compliance and site-specific environmental <br />permit requirements); 5) third-party impacts; and 6) implementation schedule. Table VI-1 of the <br />Water Action Plan presents "First Increment Unit Costs" (initial capital cost plus the present <br />worth of first 13 years of operation) ranging from $580 -$1,070 per ac-ft of yield at the critical <br />habitat (1999 price levels). Although the FEIS analysis arrived at estimates of water yield that, <br />in some cases, differ from the earlier estimates, the FEIS credits this combination of thirteen <br />"water elements" or projects with accomplishing the Program objectives based on the aggregate <br />yield of all the Governance Committee Alternative actions (FEIS, page 3-29). Per the <br />Governance Committee's requirements for this study, this section: 1) reviews the 13 Water <br />Action Plan projects; and 2) identifies those projects that would likely be the most cost-effective <br />in reducing shortfalls to the Program water delivery objectives focusing on their individual and <br />combined ability to accomplish the 5,000 cfs and the 800 cfs flow criteria under three hydrologic <br />conditions (Average, Wet, and Dry years) and two water administration scenarios (Cases I and <br />II, without, and with, respectively, irrigation district bypasses of Program water). <br />The following project descriptions are summarized from the Program Water Plan. Information <br />from the interviews with Program participants will be used to revise project configurations and <br />operational scenarios in Phase II. References to reach numbers correspond to those described in <br />the Water Action Plan and the WMC Loss Model Update. <br />4.1 CNPPID Regulating Reservoir <br />Nebraska indicated they are willing to consider a re-regulating reservoir(s) capable of <br />yielding an annual average of up to 8,000 ac-ft of target flow reductions at the critical <br />habitat, of which 4,000 to 5,500 ac-ft would be made available to the Program (Cook, <br />2000). The remaining portion of the yield will be retained by Nebraska to potentially <br />offset future depletions. Up to an average of 8,000 ac-ft/yr of target flow reductions could <br />be attained through a single re-regulating reservoir or a combination of reservoirs. The <br />six most promising re-regulating reservoir options evaluated in the Depletion Mitigation <br />B0WLE Page 39 of 58 January 29, 2008 <br />PRRIP - Draft Water Management Study, Phase I