New Bullards Bar Dam was constructed by the Yuba County Water Agency. The agency was created through an act of the state legislature in 1959 specifically to construct a flood control reservoir in response to a flooding event in 1955. The bulk of the financing for the dam came from the issuance of revenue bonds. The dam was completed in 1969. The dam is the fourth constructed on the Bullards Bar site, succeeding diversion dams built in 1899 and 1900 as well as a concrete arch dam built by the Yuba River Power Company and transferred to Pacific Gas and Electric Company in 1922. The dam generated power from 1924 until its inundation by the New Bullards Bar Reservoir in 1969. Although the 1899 diversion dam was washed away, the 1900 dam is still in place about a quarter mile downstream from the present dam.
Operations
provides flood control space between September 15 and May 31 of each year. There are of flood control storage space between October 31 and March 31. The reservoir controls water flows from the North Yuba River, as well as from the Middle Yuba River and Oregon Creek via diversion tunnels. The Our House Diversion Dam is situated on the Middle Yuba about above its mouth and diverts water into a tunnel with a capacity of, running northwest to the Log Cabin Diversion Dam on Oregon Creek. From here the combined waters of the Middle Yuba and Oregon Creek are sent west into a shorter tunnel with a capacity of into the eastern arm of New Bullards Bar Reservoir. The diversions add about to the effective catchment area of New Bullards Bar Reservoir. The entire diversion and reservoir system is collectively known as the Yuba River Development Project. Flood operations in the New Bullards Bar Reservoir water control manual are in part defined with being linked to operations in Marysville Dam. Marysville Dam was supposed to be built as part of a system of dams in the Sacramento Basin along with New Bullards Bar and Oroville Dam, but it was never built. Marysville Dam is still a defining function in the downstream channel capacity constraints even though it is non-existent. The dam furnishes water via a penstock through a mountain to the New Colgate Powerhouse, which is located downstream. The added distance increases the hydraulic head, i.e., elevation change. Its two Pelton wheels have a combined capacity of 340 megawatts and are the largest of their kind in the world. At maximum generation, the powerhouse utilizes a flow of, and is an important source of peaking power for the region. The small Fish Release powerhouse was constructed in 1986 at the base of the dam. It has a capacity of 150 kilowatts and generates power from water releases for fish on the Yuba River. Total annual generation at New Colgate Powerhouse is about 1,314,000 megawatt hours, while the Fish Release powerhouse produces 1,300 MWh. The aforementioned 14-foot -diameter penstock drains water from the New Bullards Bar Reservoir several miles through a mountain and down a large hill to deliver water to the New Colgate Powerhouse. In 2006 a 168-inch butterfly valve was designed and manufactured in Europe for installation in the penstock at the top of the hill to protect the powerhouse from flooding in the event that an earthquake or other event caused the penstock to rupture. This valve uses a design similar to that of the dam's base release works.