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The majority of places suitable for major hydroelectric dams in the United States have been exploited and produce about 80,000 Megawatts of electricity from over 2,000 sites. This leaves over 5,000 smaller sites in the US with a total capacity of 30,000 Megawatts according to the Department of Energy. Small Hydroelectric Plants Hydroelectric will probably not be a major player in mitigating the effects of Global Peak Oil.
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Hydroelectric Power calpoly.edu
Howstuffworks.com-hydroelectic
Hydroelectric power: How it works