The "Updated Baseline Cost Model (BCM) for Hydropower" is an empirical model for estimating the costs of US hydropower projects in six categories (Non-Powered Dam (NPD), New Stream Development (NSD), Canal/Conduit, Pumped Storage Hydro (PSH), Capacity Expansion, Generator Rewind). The model equations have been estimated with data on existing or planned projects obtained from various sources and does not capture the universe of potential hydropower project sites in the US. As with any econometric model, results of the model are generally valid for inputs that are not too far out of the range of the underlying data.
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