GCEA has been working to develop a hydro-generation project at the Taylor Dam and in early 2020 signed a Memorandum of Understanding (MOU) with the Uncompahgre Valley Water Users Association (UVWUA). GCEA and UVWUA intend to form a jointly-owned entity to develop, own and operate the plant. The MOU contemplates the development of a 200-500 kW hydro generation project at Taylor Dam. A generating plant of this size would operate at or near full capacity twenty-four hours a day year-round. This high capacity factor could result in 1.6-3.9 million kilowatt-hours annually. By comparison, a 200 kW hydro project would produce about the same amount of energy annually as some 1,000 kW (1 megawatt) fixed-tilt solar arrays. Next steps will involve permitting with the Bureau of Reclamation, review, and update of prior studies and project design.