S. 887 — Basin Fund Preservation Act

This section directs the Secretary of the Interior, acting through the Commissioner of Reclamation, and the Secretary of Energy, acting through the Administrator of the Western Area Power Administration—in consultation with the Glen Canyon Dam Adaptive Management Work Group—to enter into a memorandum of understanding (MOU) as soon as practicable after enactment to explore and address the impacts of the July 2024 "Supplement to the 2016 Glen Canyon Dam Long-Term Experimental and Management Plan Record of Decision" on the Upper Colorado River Basin Fund. The MOU must, using information from existing hydropower contracts, establish a plan to (1) address effects on Fund obligations, including routine operations, maintenance, and replacement of critical infrastructure; (2) address impacts on hydropower production at Glen Canyon Dam, including costs to replace hydropower resources and grid reliability; and (3) identify impacts on species listed as threatened or endangered under section 4 of the Endangered Species Act of 1973 (16 U.S.C. 1533). This section includes a savings clause preserving rights and obligations under the Administrative Procedure Act (5 U.S.C. chs. 5, subch. II, and 7).