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REVISED - October 5, 2010 <br />STATUS OF "SIGNIFICANT RISKS" IDENTIFIED <br />REMAINING FOR THE PROJECT: <br />STATUS OF IDENTIFIED "SIGNIFICANT RISKS" REMAINING FOR THE <br />PROJECT: <br />Key: T = Currently risk appears to be increasing; I = Currently risk appears to be <br />decreasing; H = Currently risk appears unchanged; Underline TJ� H = Revised <br />from last version. <br />H DAM OUTLET WORKS CONSTRUCTION: Electrical installations and testing are <br />substantially complete, and the risk no longer appears to be increasing. <br />H RESERVOIR 1sT FILL: The filling of the dam continues. The second 30 -day <br />reservoir `hold' period has was completed on July 30 and 1111ing of the reservoir <br />resumed on August 1. Approximately 70,000 75, 000 acre -feet are in storage. <br />Performance of the dam has been satisfactory. Two piezometers installations located <br />within the foundation of the dam are being watched closely, but are not considered a <br />concern. Releases, if necessary, must be through the tunnel that is functional. The <br />structure and all associated features are being monitored 24 hours per day, seven days per <br />week, in accordance with the "Initial Filling Criteria" during fill periods and `hold' <br />periods. The 24/7 monitoring continues without interruption. will ^^n+;ii„e d,,.etigh this <br />seFend hold per-ied D:mVing is planned to rem in n, sty 2010; however-, Flows in <br />the Animas River will influence the amount of water that is capable of being pumped. <br />Pumping will continue for 12 to 18 months once pumping resumes. Risk of impacting <br />reservoir filling due to structural performance of the dam does not appear to be <br />increasing. <br />T HYDROLOGICAL EVENTS: <br />euffffitly at 0,� e! the aver-age Snow Water- Equivalen! (SWE) fer- this time of ye The <br />Animas River has been flowing at roughly the 90 percent exceedance level since mid - <br />June. Rains in August and September allowed pumping to continue through August and <br />September at minimal rates. Impacts to the first fill duration are impossible to predict <br />with certainty; however, it appears the first fill period will extend into summer of 2011, at <br />a minimum. <br />+-+ DURANGO PUMPING PLANT (PUMPS AND ASSOCIATED SYSTEMS): <br />Reclamation is currently in the process of resolving outstanding contractual issues. <br />However, inflation effects and the net cost of modifying the contract are currently <br />unknown. The main unit and auxiliary control systems have been installed. Functional <br />testing of the auxiliary systems has been completed. Challenges in electrical and <br />