Holding company withdraws its flawed proposal to create a pumped storage hydroelectric facility at the Ashokan Reservoir in the face of fierce community opposition
April 13, 2021 - Premium Holdings, a power company from Southern California, proposed to create an enormous underground hydroelectric plant adjacent to the Ashokan Reservoir. Had the project moved forward, the company would dig into valleys in the towns of Olive or Shandaken and dam streams to create reservoirs as part of “pumped storage” for electricity to be generated using associated water transport tunnels. Today, Premium announced that it was withdrawing the proposal for the Ashokan project, but maintained that it would consider submitting a revised proposal for a similar project around the Neversink Reservoir or the Roundout Reservoir.
Mountainkeeper released the following statement, attributable to Kathy Nolan, Catskill Mountainkeeper's Senior Research Director.